Fitch keeps Pakistan’s credit rating unchanged while investment soars
Fitch keeps Pakistan’s credit rating unchanged while investment soars
International ratings agency Fitch affirmed Pakistan’s B negative rating with a stable outlook due to a challenging external sector situation and weak fiscal and debt position.
It said that steps have been taken towards addressing those issues and the implementation of the International Monetary Fund program was on track.
It’s the second time in the past seven months that the agency has rated Pakistan’s credit worthiness at B negative. Earlier in June, Fitch kept the rating unchanged.
Also on rt.com
Imran Khan promises breakthrough year for Pakistan’s economy in 2020
“The ‘B-’ rating reflects a challenging external position characterized by...


