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FinMin aims for ‘Single B’ credit rating, warns of economic strain from population boom
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Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addresses the 8th Edition of The Future Summit, discussing Pakistan’s economic prospects and future financial strategies on Wednesday. — APP Pakistan’s rapidly increasing population has already exploded as an economic “time…
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Fitch upgrades Pakistan credit rating
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The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. — Reuters Fitch Ratings has upgraded Pakistan’s credit rating, attributing the development to improved external funding prospects following a new International…
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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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Fitch maintains Pakistan’s rating at ‘CCC’, sees political volatility
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The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP Fitch Ratings Wednesday affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’, but also warned of political volatility after…
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Fitch affirms Pakistan’s rating at ‘CCC’ with stable outlook | The Express Tribune
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In its recent assessment, US-based credit rating agency Fitch Ratings has chosen to affirm Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’. Despite some improvements and a successful review of its Stand-by Arrangement (SBA) with the International Monetary Fund…
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Fitch lowers US credit rating over growing debt burden
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A ageneral view of the Fitch Ratings headquarters building in New York. — AFP/File WASHINGTON: Fitch stripped the United States of its stellar credit rating, downgrading by one point and blaming the rising federal debt load and an “erosion of…
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Fitch upgrades Pakistan’s rating to ‘CCC’ after IMF deal | The Express Tribune
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. Pakistan’s long-term foreign currency issuer default rating (IDR) received a boost as global rating agency Fitch upgraded it from ‘CCC-‘ to ‘CCC’ on Monday. The upgrade was attributed to enhanced external liquidity and improved funding conditions, which were a…
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Moody’s downgrades Pakistan’s rating to Caa3
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Moody’s headquarters in New York, US. — AFP/File SINGAPORE: Moody’s Investors Service Tuesday downgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1 as the cash-strapped country struggles to resurrect a long-suspended International Monetary Fund…
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Fitch downgrades Pakistan’s credit rating to CCC- | The Express Tribune
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KARACHI: Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Tuesday by two notches from CCC+ to CCC-, citing policy and large refinancing risks, critically low reserves and difficult conditions set by the International Monetary Fund (IMF). This is…
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S&P downgrades Pakistan’s credit rating | The Express Tribune
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KARACHI: S&P Global Ratings has downgraded Pakistan’s credit rating in the wake of its quickly depleting foreign exchange reserves – which are close to hitting a nine-year low at $6.11 billion on Thursday. “S&P also raised the outlook for Pakistan…
