Moody's assigns definitive B3 rating to Pakistan's global bonds

[farhan_9909]

ISLAMABAD (Dunya News) – The global currency rating agency Moody’s has assigned a definitive B3 rating to Pakistan’s global bond offering, terming the outlook stable, Dunya News reported.

The stable B3 rating is indicative of improvement in Pakistan’s economy. The agency is of the view that the China-Pakistan Economic Corridor (CPEC) project will bolster trade and economic activity especially that linked to transport and energy sectors and will ultimately result in economic improvement.

“Pakistan s B3 issuer rating reflects moderate economic strength with a supply-constrained economy that has been resistant to structural change. Although the scale of the economy is relatively large, globally, Pakistan s per-capita income level is relatively very low. Implementation of the China-Pakistan Economic Corridor, will over time, bolster growth throughinvestment in transportation and power generation infrastructure,” Moody’s said in a press release.

It pointed out lack of extension of taxpayers’ circle and savings as weak points and indicated that lack of cooperation between institutions can hinder continuance of policies.

Moody's assigns definitive B3 rating to Pakistan's global bonds - Pakistan - Dunya News

 

[Sulman Badshah]

Why issuing bond at 8% rates (10years) while for projects WB and ADB gives you at 2% (25 years ) ???

It clearly a thing to giving benefits to someone ...

 

[ice_man]

B3 is junk bond rating.

 

[Viper0011.]

Why issuing bond at 8% rates (10years) while for projects WB and ADB gives you at 2% (25 years ) ???

It clearly a thing to giving benefits to someone ...

Can you go borrow $ 2000 on your own from the WB and ADB, or ask IF IK can get it for you?? ALL losers just talk, no work!!!

Who gives 2% rates with country in a situation like Pakistan? If you have NO clue about these things, try not to jump in and sound like a freaking PHD in Economics!!!! The bonds are on cash, you don't have to "qualify" for a loan. And then, you make 30%+ internally and return 8% on it. If you don't understand the process, don't jump in as an expert, learn the darn thing first!

B3 is junk bond rating.

Its MUCH better than D or F (almost Bankrupt) you have been for 7 decades.....want to include names of everyone who didn't do their job to setup the right system to grow Pakistan???

And that 70 year old mentality of doing NOTHING and JUST TALKING is still there, IK is the "heir" of all losers for the past 70 years. No work, no progress, ALL talk, accusation and blame. But 0 progress to show for himself. People like him, won't get a high school teacher's job in an educated country. In Pakistan, fool public is trying to die for him and conduct violence. Damaging the country.

That's why you are behind the Indians so much. They play country first. The Pakistanis, play politics first and the country can go to hell!!! Very selfish and divided nation without a goal or a freaking clue in mind on the fact that they need to support the current system. If you don't the country doesn't grow, which means, YOU, or your future generations don't grow either!!

 

[Sulman Badshah]

Can you go borrow $ 2000 on your own from the WB and ADB, or ask IF IK can get it for you?? ALL losers just talk, no work!!!

Who gives 2% rates with country in a situation like Pakistan? If you have NO clue about these things, try not to jump in and sound like a freaking PHD in Economics!!!! The bonds are on cash, you don't have to "qualify" for a loan. And then, you make 30%+ internally and return 8% on it. If you don't understand the process, don't jump in as an expert, learn the darn thing first!

First of all i am no IK fan ... It is clearly seen as a lack in economic policy of the govt ...
ADB and WB gives money for the projects (not to cover up installments of previous loans) ... It is foolish to go for more loan at higher rates just to return matured loan installments .. It is just like adding burden to the economy ..

 

[Viper0011.]

First of all i am no IK fan ... It is clearly seen as a lack in economic policy of the govt ...
ADB and WB gives money for the project (not to cover up installments of previous loans) ... It is foolish to go for more loan at higher rates just to return mature loan installments .. It is just like adding burden to the economy ..

Ok, good to know you are not an IK fanatic. Le'ts talk facts, do you know how to qualify for an ADB or a WB loan? If yes, write me all the steps and then I shall explain to you the difference why the bonds are used and all. Till you don't show me a comprehensive understanding on the topic, its useless for me to go into more depth with you. Thanks

 

[Sulman Badshah]

qualify for an ADB or a WB loan

Didn't go through the qualification criteria ???
But they gives loan basically on Capital investment, projects related to poverty reduction etc ... perhaps you can come up with some points

 

[deckingraj]

First of all i am no IK fan ... It is clearly seen as a lack in economic policy of the govt ...
ADB and WB gives money for the projects (not to cover up installments of previous loans) ... It is foolish to go for more loan at higher rates just to return matured loan installments .. It is just like adding burden to the economy ..

Sorry for poking my nose here...however then what is the solution?? You need money and govt isn't making much....WB and all others are going to attach stringent reforms which are going to be harsh on people....they may be right steps but for poor they act as massive burden which is good enough to break their back....above all political class would loose popularity and opposition will dance on it promising all the freebies...welcome to SA brand of politics....

 

[ice_man]

And that 70 year old mentality of doing NOTHING and JUST TALKING is still there, IK is the "heir" of all losers for the past 70 years. No work, no progress, ALL talk, accusation and blame. But 0 progress to show for himself. People like him, won't get a high school teacher's job in an educated country. In Pakistan, fool public is trying to die for him and conduct violence. Damaging the country.

That's why you are behind the Indians so much. They play country first. The Pakistanis, play politics first and the country can go to hell!!! Very selfish and divided nation without a goal or a freaking clue in mind on the fact that they need to support the current system. If you don't the country doesn't grow, which means, YOU, or your future generations don't grow either!!

AGREED

but wouldn't it be easier and cheaper and better to carry out power sector reforms? and privatize steel mill and PIA?

this bond will cost the country alot. once our currency depreciates we would need more and more rupees to pay off the interest on the loan.

 

[Zaneesh852]

B3 is junk bond rating.

Pakistan's eurobond rating is similar to Pakistan's national rating. i.e. better junk. I think Pakistan was C3 in 2013.

 

[xyxmt]

Why issuing bond at 8% rates (10years) while for projects WB and ADB gives you at 2% (25 years ) ???

It clearly a thing to giving benefits to someone ...

Dar Investments Inc.