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Moody's lifts Pakistan sovereign rating to B3 from Caa1, cites improved governance and easing of external risk

ISLAMABAD: Global ratings agency Moody’s on Monday upgraded Pakistan’s sovereign credit rating to B3 from Caa1 and maintained a stable outlook, citing expectations of improvements in governance and

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Moody's lifts Pakistan sovereign rating to B3 from Caa1, cites improved governance and easing of external risk — Economy | Shariah PSX

Desk Analysis

How This Affects the Exchange

Sector Effect

Positive · Buy bias

Constructive read for Economy — watch listed names for follow-through.

Sectors & Direction

Desk read

Desk call: Buy bias · Positively affected

  • EconomyPositively affected

Companies

ISL · Buy bias

Companies Mentioned

  • · Positively affected · Buy bias

Mentions in This Briefing

Sectors: Economy — Positive · Buy bias. PSX tickers: ISL. Constructive read for Economy — watch listed names for follow-through.

Full Story

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ISLAMABAD: Global ratings agency Moody’s on Monday upgraded Pakistan’s sovereign credit rating to B3 from Caa1 and maintained a stable outlook, citing expectations of improvements in governance and easing external and fiscal vulnerabilities.

“The upgrade to B3 reflects our expectations that improvements in governance will allow the government to sustain the recent improvements in the cou

Source: Dawn Business — https://www.dawn.com/news/2024988/moodys-lifts-pakistan-sovereign-rating-to-b3-from-caa1-cites-improved-governance-and-easing-of-external-risk