Fitch Ratings affirmed Pakistan’s long-term debt ratings at B- and assigned a Recovery Rating of RR4 following the removal of the ratings from Under Criteria Observation (UCO), according to an official release on Wednesday. The rating actions reflect the application of Fitch’s new Sovereign Rating Criteria, effective September 2025, and the inclusion of recovery assumptions […]
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Fitch ratings upgrade boosts Pakistan’s economic confidence
Fitch Ratings recently upgraded Pakistan’s credit rating from CCC+ to B-. Finance Minister Muhammad Aurangzeb called this upgrade a strong sign of confidence in the government’s economic reforms. He noted that it is the first rating change in three years, indicating a shift in the economic outlook towards stability. Aurangzeb explained that the upgrade highlights […]