Moody’s changes Pakistan’s rating outlook to stable
July 14 (Reuters) – Moody’s Investors Service revised up its outlook on Pakistan’s foreign currency government bond rating to “stable” from “negative”, citing a stabilization in the country’s external liquidity position.
The continued implementation of structural reforms under an ongoing programme with the International Monetary Fund will ensure additional tranche disbursements that will further buffer Pakistan’s foreign reserves, Moody’s said. (Full Story)
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