S&P Global Upgrades Pakistan’s Sovereign Credit Rating to ‘B’
3 days ago
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At a glance
- S&P Global Ratings upgraded Pakistan's long-term sovereign credit rating to 'B' from 'B-'.
- The upgrade is attributed to improved institutional stability and IMF program reforms.
- Foreign reserves have increased to $25.3 billion, covering 12 months of external principal payments.
Story so far
S&P Global Ratings has upgraded Pakistan's long-term sovereign credit rating to 'B' from 'B-', with a stable outlook. This decision reflects improved institutional stability, effective implementation of IMF program reforms, and a strengthened external position. Foreign reserves have significantly increased, providing ample coverage for upcoming external payments, while the government's commitment to structural reforms is expected to reduce the fiscal deficit and support GDP growth.
Latest development
S&P Global Ratings has upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing an improving external position and gradual macroeconomic stabilisation, alongside a stable outlook.
Sources and updates
Samaa TV - Youtube
S&P Global Upgrades Pakistan | Positive Signal for Economy & Investors
Dunya News - Youtube
Big News for Pakistan! International Credit Rating Shows Significant Improvement | Dunya News
Dawn News
S&P Global Ratings upgrades Pakistan's sovereign credit rating to 'B'
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