S&P Global Ratings upgrades Pakistan's sovereign credit rating to 'B'
S&P Global Ratings has upgraded Pakistan’s sovereign credit rating to a ‘B’ from ‘B-’ and said its outlook is stable. More to follow
Pakistan’s sovereign credit rating has been raised by S&P Global Ratings, which upgraded the country to “B” from “B-” and kept the outlook stable, according to a monitored public feed from Dawn Home.
The move marks a modest improvement in Pakistan’s credit profile as seen by the ratings agency. The revised rating places the country one notch higher than before, while the stable outlook suggests S&P does not currently expect the rating to change in the near term.
No further details were included in the feed summary about the reasons behind the upgrade, the agency’s full assessment, or any response from Pakistani officials. The report, based on a monitored public feed, indicates that more information may follow.
Credit ratings are closely watched by investors and policymakers because they can affect borrowing costs and signal how international markets view a country’s ability to meet its obligations. A higher rating can sometimes support investor confidence, although the practical impact depends on broader economic conditions and market sentiment.
This item is based on a monitored public feed and is attributed to Dawn Home. Source: Dawn Home - https://www.dawn.com/news/2017530/sampp-global-ratings-upgrades-pakistans-sovereign-credit-rating-to-b
