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Pakistan budget to significantly reduce government debt, rating agency Fitch predicts | The Express Tribune
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Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by the end of FY24. This reduction is attributed to high inflation and deflator effects, which help offset soaring domestic interest…
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Russia forex payments in ‘selective default’: S&P agency
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Standard & Poor’s headquarters in the financial district of New York on August 6, 2011. — AFP PARIS: Credit rating agency S&P Global Ratings on Saturday downgraded Russia’s foreign currency payments rating to “selective default” after Moscow paid a dollar-denominated…
