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Credit rating agency Moody’s downgrades Pakistan outlook to ‘negative’

Islamabad [Pakistan], June 4 (ANI): The New York-based credit rating agency Moody’s Investor Service downgraded Pakistan’s outlook to negative from stable amid a delay in a deal with the International Monetary Fund (IMF) for an economic bailout.
The agency affirmed the government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings.
“The decision to change the outlook to negative is driven