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Credit agency SP cut Pakistan’s credit outlook rating to negative

Islamabad [Pakistan], July 29 (ANI): As Pakistan’s economy slumps to a new low, ratings by SP Global, an American credit rating agency, has cut Pakistan’s credit outlook to negative and markets think that Pakistan might soon follow Sri Lanka into debt default and economic crisis, media reports said.
Country’s external position is weakening with higher commodity prices, the rupee’s depreciation and tighter global financial