YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

Fitch downgrades Pakistan’s outlook from stable to negative

Islamabad [Pakistan], July 19 (ANI): Amid renewed political volatility, the Fitch Ratings agency on Tuesday downgraded Pakistan’s outlook from stable to negative.
In a statement, the credit rating entity affirmed the Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘.
“Pakistan’s ‘B-‘ rating reflects recurring external vulnerability, a narrow fiscal revenue base and low governance indicator scores compa