Islamabad [Pakistan], October 12 (ANI): Moody’s Investors Service has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks.
The rating agency has also downgraded the five banks’ long-term foreign currency Counterparty Risk Ratings (CRRs) to Caa1 from B3.
The banks, which have been downgraded include Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakis
Moody’s downgrades 5 Pakistani banks’ ratings; maintains negative outlook
