Moody’s slashes Pakistan’s credit rating to Caa3 — lowest in 3 decades

Moody's downgrades Pakistan's rating to Caa3

SINGAPORE: Moody's Investors Service Tuesday downgraded Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1 as the cash-strapped country struggles...

Moody’s slashes Pakistan’s credit rating to Caa3 — lowest in 3 decades

Says there is “very limited visibility” on financing sources for Pakistan's external payments; changes outlook to stable from negative.

Moody's downgrades Pakistan's rating to Caa3

Concurrently, Moody's has also changed the outlook to stable from negative

Moody’s downgrades Pakistan’s credit rating to ‘Caa3’

Moody's Investors Service has downgraded the government of Pakistan's local and foreign currency credit ratings to Caa3

Moody's slashes Pakistan's rating to Caa3

Pakistan's foreign exchange reserves are far less than necessary to cover its imports and external debt obligations over the immediate and medium term, Moody's noted.

Moody's downgrades Pakistan's rating to 'Caa3'

The decision to downgrade the ratings is driven by Pakistan's