Moody`s upgrades Pakistan`s ratings to ‘stable`
(WorldNews Pakistan)

Photo: File Moody`s Investors Service on Saturday upgraded Pakistan`s ratings from ‘under review for downgrade` to ‘stable`, while maintaining a B3 rating. The agency in its latest report also confirmed the B3 foreign currency senior unsecured ratings for The Third Pakistan International Sukuk Co Ltd. The associated payment obligations are, in Moody`s view, direct obligations of the Government of Pakistan. The agency noted that the `review for downgrade` status had reflected Moody`s assessment that the country`s participation in the G20 Debt Service Suspension Initiative (DSSI) raised the risk that private sector creditors would incur losses. “In the last few weeks, Moody`s has considered...