Fitch Ratings on Monday affirmed Pakistan’s long-term foreign currency issuer default rating at ‘B-‘ with a “stable outlook”. “Pakistan’s rating affirmation reflects progress on fiscal consolidation and macro stability measures, broadly in line with its IMF programme and supporting its funding capacity. Foreign exchange buffers rebuilt over the past year provide a cushion against the […]
Fitch
Fitch affirms Pakistan’s long-term debt ratings at B-
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 […]
Fitch upgrades Pakistan’s sovereign rating to CCC after IMF deal
ISLAMABAD, July 10 (Reuters) – Fitch credit rating agency on Monday upgraded Pakistan’s long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country reeling under its worst economic crisis. Fitch said in a statement the upgrade reflected the country’s improved external liquidity and funding conditions following a staff level agreement […]