Fitch Raises Pakistan’s Rating to ‘B-‘, Highlights Reform Progress and Outlook Improvement
Monitoring Desk : Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-’ from ‘CCC+’, reflecting growing confidence in the country’s recent economic reforms and fiscal discipline. The outlook remains Stable. In a statement issued Tuesday, Fitch cited Pakistan’s strides in narrowing budget deficits, implementing structural reforms, and adhering to its IMF…