Finance Minister expects Moody’s to upgrade Pakistan’s credit rating soon

Cites improved economic conditions and ongoing reforms as key factors during World Bank-IMF meetings

Federal Minister for Finance and Revenue Muhammad Aurangzeb anticipates that Moody’s Investor Service will soon upgrade Pakistan’s credit rating. 

As per media reports, the federal minister cites the nation’s economic improvements and the government’s dedication to reforms as reasons for the potential upgrade.

This was discussed during Aurangzeb’s meeting with Moody’s representatives at the World Bank Group-IMF Spring Meetings in Washington DC.

Previously, Moody’s had lowered Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from Caa1 to Caa3, attributing the downgrade to increased liquidity and external risks heightening the probability of default to levels typical of a Caa3 rating.

Factors such as Pakistan’s weak fiscal capacity and high political risks were also considered to limit its credit profile.

However, in February of this year, Moody’s indicated that an upgrade to Pakistan’s rating could occur if there were a substantial and lasting decrease in the government’s liquidity and external vulnerability risks.

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

3 COMMENTS

  1. HOW I FINALLY RECOVERED MY LOST BITCOIN:
    Do you need help on how to recover lost or stolen Bitcoin from fake  investment scammers? I lost all my Bitcoin to a fake investment scam to someone I met online. After losing my Bitcoin investments, I was determined to find a solution. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about  GEO COORDINATES HACKER. I am incredibly grateful for the exceptional service, and wanted to inform you all about this positive outcome. They emphasized their excellent strategy for Bitcoin recovery. In order to assist people and companies in recovering their lost or stolen cryptocurrencies. They guarantee that misplaced bitcoins have an opportunity to be recovered with their excellent services. If you or anyone you know ever finds yourselves in a similar unfortunate situation, I highly recommend reaching out to GEO COORDINATES HACKER. Contact Info Email:
    [email protected] )
    Email; ( [email protected] )Telegram ( @Geocoordinateshacker )Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read