Fitch Upgrades Pakistan’s Credit Rating

Karachi: The global credit rating agency, Fitch Ratings, has upgraded Pakistan’s credit rating. According to Express News, Pakistan’s Long-Term Issuer Default Rating (IDR) has been improved from ‘B-‘ to ‘CCC+’. This positive change also reflects an improvement in Pakistan’s Long-Term Foreign Currency Issuer Default Rating (IDR).
Fitch Ratings has maintained a stable outlook for Pakistan’s long-term foreign currency rating. This upgrade is seen as a significant development in the country’s financial standing.