Pakistan News

    Bond Rating Agencies In Pakistan Face

  • India set to propose new rules for rating agencies

    NEW DELHI: India’s market regulator chairman Ajay Tyagi said on Monday he was considering imposing more regulations on ratings agencies, days after announcing a set of tough new rules that the agencies must observe...

    Regulators and market participants say the agencies were slow to adjust ratings on some companies that subsequently defaulted, including Amtek Auto Ltd in 2015...

  • India flays credit rating agencies

    NEW DELHI: India’s Chief economic adviser Arvind Subramanian on Thursday flayed global rating agencies, saying they have not upgraded India “despite clear improvements in our economic fundamentals” which include inflation, growth, and current account performance...

    Despite its rapid growth, India still has a BBB rating...

  • Pakistan’s bond story

    Articles in the international media and statements from major league investors have spoken of Pakistan’s economic turnaround in glowing terms, and credit rating agencies have acknowledged an improvement in the economic situation...

    Now a moment of truth approaches as the government mounts a road show to drum up investor support for a bond floatation scheduled for later this year...

  • Pakistan issues $500 million Euro bond

    KARACHI: Pakistan has issued a new 10-year bond of $500 million in the international Euro bond market, the finance ministry said Friday, at a coupon rate of 8...

    A finance ministry team comprising Finance Secretary Waqar Masood Khan and Governor State Bank of Pakistan Ashraf Wathra held road shows to launch the bond in London, Los Angeles, Boston and New York...

  • TV, film bans in India, Pakistan won't affect our cultural bond

    Friday nights, the oldest and youngest members of my household sit and watch one of their favourite TV shows together...

    It is the weekend and my eight-year-old gets to stay up late with her grandmother; an age difference of sixty years bridged over an hour of CID, the Indian rendition of a crime show
  • Moody's gives Pakistan B3 rating, says outlook 'stable'

    On account of strong economic growth and reduction in fiscal deficits, credit rating agency Moody's, in its annual credit analysis of Pakistan, gave the government a B3 rating with a stable outlook...

    "Strong growth performance, fiscal deficit reduction and improved inflation dynamics underpin the Government of Pakistan's B3 rating with a stable outlook," says Moody's Investors Service...

  • Pakistan’s B3 rating reflects strengthening growth: Moody’s

    KARACHI: Pakistan’s B3 issuer rating is a sign of strengthening economic growth and progress on structural reforms against a relatively high government debt burden and political risks, the credit ratings agency Moody’s Investors Service said on Wednesday...

    The agency made this assessment in its just-released Credit Analysis ‘Government of Pakistan — B3 Stable’, which looks at the country’s credit profile in terms of economic strength...

  • Fitch assigns ‘B’ rating to Pakistan

    KARACHI: Fitch Ratings has provided Pakistan a long-term foreign and local currency issuer default ratings (IDRs) of ‘B’ with a stable outlook along with a short-term foreign currency IDR and a country ceiling of ‘B’...

    Analysts said that based on Fitch’s rating system, a ‘B’ rating indicates “highly speculative” debt that is two levels below investment grade...

  • Moody’s reaffirms Pakistan’s rating, but vulnerabilities remain

    KARACHI: Moody’s Investors Service continues to expect solid economic activity, driven by investments related to the China-Pakistan Economic Corridor (CPEC) while it reaffirmed Pakistan’s credit profile as B3 stable...

    Moody’s said that Pakistan’s (B3 stable) credit profile is supported by the country’s robust growth performance and potential, a large — but low-income — economy, and an improved track record of reforms that started...

  • Moody’s downgrades Pakistan’s rating outlook to negative

    KARACHI: Moody’s Investors Service has downgraded Pakistan’s rating to negative from stable...

    A statement released by the credit rating agency in the evening on Wednesday stated that the decision to change the outlook to negative was driven by heightened external vulnerability risk as ongoing balance of payment pressures erode foreign exchange buffers...

  • Fitch reaffirms Pakistan’s rating at B-, outlook stable

    ISLAMABAD: Noting weak external and fiscal positions and slowing economy, Fitch Ratings on Monday affirmed Pakistan’s long-term Foreign Currency issuer default rating at ‘B-negative’ with a stable outlook...

    The New York-based agency — one of the three major global rating agencies — noted high debt-to-GDP ratio, economic growth rate of 2...

  • Pakistan credit rating under review on debt relief concerns, says Moody’s

    KARACHI: Moody’s has placed Pakistan’s long-term B3 ratings on review for downgrade as it expects the country to request bilateral debt service relief from G-20 creditors under the recently-announced initiative causing losses to private sector creditors...

    Moody’s on Thursday said that suspension of debt service obligations to official creditors would be unlikely to have rating implications but the G-20 has called on private sector...

  • More
Back to top