Moody’s upgrades Pakistan’s credit outlook to ‘stable’ after new IMF tranche ...News

Russia Today - Economy
Moody’s upgrades Pakistan’s credit outlook to ‘stable’ after new IMF tranche
source : Russia Today ( News ) () 103
The leading credit rating agency said Islamabad’s financial situation is on a path of improvement and expressed hope that the help from the International Monetary Fund (IMF) mitigates the risks to its economy. The New York-based agency changed Pakistan’s credit ratings outlook from ‘negative’ to ‘stable’ on Monday, expecting that the “balance of payments dynamics will continue to improve, supported by policy adjustment and currency flexibility.” The experts at Moody’s noted that the country’s economic recovery reduces “external vulnerability risks,” but warned that “foreign exchange reserve buffers remain low and will take time to rebu

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