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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.
Published 3 months ago · Pakistan

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Times of IndiaTimes of India

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.

3 months ago·Mumbai, India
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The NewsThe News

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...

3 months ago·Pakistan
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DawnDawn

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.

3 months ago·Pakistan
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Money Control.comMoney Control.com

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

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

3 months ago·India
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Business RecorderBusiness Recorder

Moody's downgrades Pakistan's rating to Caa3, changes outlook to stable

Says Pakistan's increasingly fragile liquidity and external position significantly raises default risks to a level consistent with a Caa3 rating

3 months ago
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Business TodayBusiness Today

Pakistan lowers petrol, diesel prices as Moody’s downgrades rating to Caa3

These prices will remain effective from March 1 to March 15, as per Pakistan’s finance minister Ishaq Dar.

3 months ago·India
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