On Wednesday, Moody’s qualifications improved Pakistan’s credit qualification with a stable CAA2 to CAA1 perspective, citing the improved financial position in the country backed by a loan of the International Monetary Fund (IMF).
The update was secured after similar movements due to the Global S&P qualifications and Fitch grades in the last four months after the repeated promises of the Government of Prime Minister Shehbaz Sharif to maintain the course on fiscal consolidation and multiple reforms, he said in a statement.
This is a developing story and is being updated with more details.
