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Moody's ups Pakistan rating from negative to stable

EjazR

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May 3, 2009
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Updated at: 1429 PST, Monday, August 17, 2009
Moody LONDON: Moody's Investors Service said on Monday it has raised its rating outlook for Pakistan to stable from negative after the country received a bigger loan from the International Monetary Fund.

"The stable outlook was prompted by the recent augmentation of Pakistan's IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms" said Aninda Mitra, Moody's analyst for Pakistan, in a statement.

Moody's has a B3 rating on Pakistan's foreign and local currency debt.

Moody''s ups Pakistan rating from negative to stable - GEO.tv
 

Zaki

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Oct 20, 2008
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yeah i read that in Geo at morning but unfortunately its improved because of the loan, so i wouldn't be happy with this. Lets see if we improve with our hard work and stable our economy without loans
 

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