The global rating agency, Standard and Poor’s (S&P) has revised the outlook on Pakistan’s long-term ratings from “Stable” to “Negative” The agency said that it could lower its ratings if Pakistan’s external indicators continued to deteriorate, but the outlook could be revised to stable if its external position stabilizes and improves. Standard and Poor’s Attributed […]

Rating agency Moody’s affirmed the B3 long-term deposit ratings of five leading Pakistani banks and changed their outlook to negative from stable. According to Moody’s, the negative outlook is driven by Pakistan’s heightened external vulnerability risk and uncertainty around the sovereign’s ability to secure additional external financing to meet its needs. The negative outlook of […]