close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Pakistan retains Moody’s B3 rating with stable outlook

Top Story

August 9, 2020

KARACHI: Pakistan has averted the potential risk of rating downgrade by Moody’s Investor Service that now bets on a lower probability of the country default on foreign debts from private sector creditors amid the coronavirus shock.

Moody’s on Saturday confirmed the country’s B3 local and foreign currency issuer and senior unsecured debt ratings with a stable outlook. Concurrently, it also confirmed the B3 foreign currency senior unsecured ratings for The Third Pakistan International Sukuk Co Ltd.