Islamabad [Pakistan], October 21 (ANI): Fitch Ratings on Friday downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘ amid country’s political volatility and deteriorating economy.
Downgrade of Pakistan’s rating reflects further deterioration in external liquidity and funding conditions, reported Geo News.
According to its statement, the company does not typically assign outlooks
Credit agency Fitch downgrades Pakistan to CCC from B-
