Moody’s forecast 1.5% GDP growth, 4.4% in next fiscal year
ISLAMABAD: Moody’s Investor Service has forecast that Pakistan’s economy will grow at a modest rate of 1.5 percent during the current fiscal year which will accelerate to 4.4% in the next fiscal year. “Economic activity will remain below pre-outbreak levels,
Moody’s confirmation of Pakistan’s rating an encouraging sign: Hamad Azhar
ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed satisfaction over Moody’s Investors Service that Moody’s confirmation of Pakistan’s B3 rating with a stable outlook during a pandemic is encouraging sign. Moody’s confirmed Pakistan’s B3 local and foreign currency
Moody’s retains Pakistan’s rating with stable outlook
NEW YORK: Moody’s Investors Service has confirmed Pakistan’s B3 local and foreign currency issuer and unsecured debt ratings with a stable outlook. On 14th May 2020, Moodys had decided to review Pakistan for downgrade but had retained the ratings. This
Moody’s places five banks under review for rating downgrade
ISLAMABAD: Moody’s has placed Pakistan’s five big banks for downgrade in ratings linked to their credit profiles emanating from the government’s potentially weakening creditworthiness in case of default on private debts. Credit rating agency Moody’s said it placed on review
Moody’s places Pakistan’s B3 rating under review for downgrade
NEW YORK: Moody’s has placed Pakistan’s local and foreign currency long-term issuer and B3 rating under review for downgrade, the global ratings agency has announced. Moody’s said the decision to place the ratings under review for downgrade reflects the expectation
Moody’s maintains stable outlook for Pakistan’s banking sector
ISLAMABAD: Global ratings agency Moody’s Investors Service stated that Pakistan’s banking system would have a stable outlook for the next 12-18 months due to robust funding and liquidity and close links with the sovereign underpin. “The sovereign credit profile has
Pleased to see Pakistan’s credit outlook stable: Alice Wells
WASHINGTON: The United States diplomat Alice Wells said that she was pleased to see that Moody’s Investors Service has revised the credit outlook of Pakistan to stable. In a tweet, Principal Deputy Assistant Secretary for South and Central Asian Affairs
Moody’s raises Pakistan’s economic outlook to stable
NEW YORK: Moody’s Investors Service also known as Moody’s has stated that the outlook of Pakistan’s currency has to stable from being negative. Such developments reduce external vulnerability risks, although foreign exchange reserve buffers remain low and will take time
Moody’s downgrades Britain debt outlook to negative
LONDON: Credit ratings agency Moody’s has downgraded the outlook for Britain’s debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment grade Aa2. The ratings