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B- sovereign rating

Pakistan maintains B- debt grade, Fitch says

January 22, 2026 by Attia Naveed

Fitch Ratings has reaffirmed Pakistan’s long-term debt rating at ‘B-’ and assigned a Recovery Rating of ‘RR4’. The move follows the removal of the country from Under Criteria Observation. Fitch said the action reflects its revised Sovereign Rating Criteria, effective September 2025. The RR4 recovery rating indicates an average recovery expectation in case of default, […]

Filed Under: Business, Pakistan Tagged With: B- sovereign rating, Fitch Ratings, IMF fiscal reforms, Latest, Pakistan debt rating, Pakistan economy, RR4 recovery rating

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