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

Summary by Ground News
Moody's Investors Service has downgraded the Government of Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1. The decision to downgrade the ratings is driven by Moody's assessment that Pakistan's increasingly fragile liquidity and external position significantly raises default risks.

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Moneycontrol broke the news in India on Tuesday, February 28, 2023.
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