Inside Financial Markets

IMF Agreement positive for credit rating – MOODY’s

Moodys-LogoIMF Agreement positive for credit rating – MOODY’s

International Monetary Fund’s staff-level agreement to provide $5.3b assistance to Pakistan (Caa1negative) will be credit positive, Moody’s Investors Service says in its Credit Outlook report today.

* The aid would help nation re-finance $2.1b of loan repayment   due to the IMF this year, and avert a balance-of-payment    crisis in Pakistan, according to Moody’s

* Moody’s says it expects extended fund facility (EFF) program    to boost Pakistan’s reserve buffer to $8.3b in fiscal 2014 from previously projected $6.5b

* Additional reserves would lower Moody’s External   Vulnerability Indicator for Pakistan to 77%, from the 100%    Moody’s had previously anticipated: Moody’s

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)