S&P Global upgrades Pakistan’s credit rating to ‘B’
Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s (S&P) Global on Tuesday upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘. Pakistan was last assigned a ‘B’ rating between October 31, 2016 and February 3, 2019. S&P Global also raised Pakistan’s transfer and convertibility assessment to ‘B’ … Read more