S&P has upgraded Pakistan’s foreign-currency credit rating from ‘CCC+’ to ‘B-’

S&P Global Ratings has elevated Pakistan’s foreign‑currency credit score to ‘B-’ (up from ‘CCC+’), while maintaining a stable outlook. The upgrade highlights improved fiscal metrics and underpins the government’s efforts to strengthen the economy. The fresh ‘B-’ classification puts Pakistan among peers such as Nigeria, Egypt, Kenya, and Ecuador on S&P’s ladder. Its dollar bonds […]

Source: cryptopolitan.com (Read Full Article)