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Moody's upgrades Pakistan's credit rating, citing improved economic policies and stability.
Moody's has upgraded Pakistan's credit rating from Caa2 to Caa1, citing improvements in the country's external and fiscal positions, supported by progress in reforms under the IMF's Extended Fund Facility program.
The stable outlook reflects balanced risks, acknowledging the country's improved foreign exchange reserves and tax base, despite weak governance and political risks.
Pakistan's Prime Minister welcomed the upgrade, seeing it as a reflection of positive economic policies.
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Moody's mejora la calificación crediticia de Pakistán, citando las mejoras en las políticas económicas y la estabilidad.