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Fitch Ratings upgrades Pakistan's credit rating, signaling improved fiscal health and economic reforms.
Fitch Ratings has upgraded Pakistan's credit rating from 'CCC+' to 'B-', reflecting increased confidence in the country's fiscal discipline and implementation of structural reforms under its IMF program.
The rating agency expects Pakistan's budget deficit to narrow to 6% of GDP in the current fiscal year and around 5% in the medium term.
The upgrade also acknowledges improvements in Pakistan's external account, including a $700 million current account surplus.
However, Fitch warns of risks from global trade tensions and market volatility, though these are partially mitigated by lower oil prices and limited reliance on exports.
Fitch Ratings mejora la calificación crediticia de Pakistán, señalando una mejora en la salud fiscal y las reformas económicas.