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Moody's ups Pakistan rating from negative to stable

Discussion in 'Pakistan Economy' started by EjazR, Aug 17, 2009.

  1. EjazR

    EjazR SENIOR MEMBER

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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
     
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  2. Zaki

    Zaki MODERATOR

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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
     
  3. HAIDER

    HAIDER ELITE MEMBER

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    All up as long as Pak don't spend all world bank money....and look for another loan ...
     
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  4. Awesome

    Awesome RETIRED

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    And you're expecting any different, because? :D