Moody’s Upgrades Pakistan’s Credit Rating, Outlook Stable
KARACHI: Global credit rating agency Moody’s Investors Service has upgraded Pakistan’s long-term foreign debt rating from Caa2 to Caa1, citing an improvement in the country’s external position.
The outlook has also been revised from negative to stable, indicating renewed confidence in Pakistan’s economic direction and its ability to meet external financing needs.
Analysts say the upgrade reflects better foreign exchange reserves, controlled external deficits, and ongoing economic reforms that have strengthened market sentiment.
