Standard and Poor's (S&P) Ratings Services on Monday revised projections for Pakistan's average real Gross Domestic Product (GDP) growth for 2015 to 2017 to 4...
8 per cent and also upped its outlook on Pakistan's long-term 'B-' credit rating to ‘positive’ from ‘stable’...
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...
Global ratings agency S&P Global on Thursday cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+” from “B” to reflect a continued weakening of the country’s external, fiscal and economic metrics...
Pakistan’s already low foreign exchange reserves will remain under pressure through 2023 unless oil prices slump or foreign assistance improves, the agency said...
Global rating agency Moody’s on Tuesday cut Pakistan’s sovereign credit rating by two more notches to ‘Caa3’ — the lowest in three decades — amid international loan negotiations, saying the country’s increasingly fragile liquidity “significantly raises default risks”...
A payment by the IMF may help to cover Pakistan’s immediate needs, Moody’s said, but warned that “weak governance and heightened social risks impede Pakistan’s ability...
MOSCOW: Russia’s central bank said Friday it would launch a new credit rating agency by end-2015 in a bid to rival US firms that recently downgraded the country’s sovereign debt...
Moscow slammed the decisions earlier this year by leading agencies S&P’s and Moody’s to cut Russia’s debt rating to “junk” as politicised...
Moody's on Friday upgraded India's credit rating for the first time in more than a decade, citing economic reforms introduced under Indian Prime Minister Narendra Modi...
Moody's raised its rating on India to Baa2 from Baa3, the first such move since January 2004, saying recent reforms would enhance productivity, stimulate foreign and domestic investment and foster “strong and sustainable growth”...
TOKYO: Fitch cut its credit rating on heavily indebted Japan by one notch on Monday, saying it has not done enough to plug a budget gap left by its decision to delay a sales tax rise...
The move saw Japan’s rating trimmed to “A” from “A+”, several months after rival credit agency Moody’s also downgraded Japan’s credit rating...
“(Qatar) embraces multiple terrorist and sectarian groups aimed at disturbing stability in the region, including the Muslim Brotherhood, ISIS (Islamic State) and al-Qaeda, and promotes the message and schemes of these groups through their media constantly,” Saudi state news agency SPA said...
Credit rating agency Moody's Investors Service is concerned that the rift between Qatar and other regional states could have an impact on Doha's...
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...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), as part of subsidiary legislation under the Securities Act, 2015, has issued the Draft Credit Rating Companies Regulations, 2015 (Draft Regulations) for consultation purposes...
The Draft Regulations have been prepared keeping in view the guidelines issued by International Organization of Securities Commissions for credit rating companies, according to statement...
RIYADH: Saudi Arabia on Saturday strongly criticised Standard and Poor’s agency for downgrading the kingdom’s credit rating over the oil price slump, saying it was not backed by facts...
came as a hasty reaction, unjustified and not backed by reality,” the finance ministry said in a statement cited by the SPA state news agency...
ISLAMABAD: In its first enforcement action against local credit rating agencies, the Securities and Exchange Commission of Pakistan (SECP) imposed a fine of Rs600,000 on Pakistan Credit Rating Agency Pvt Ltd (Pacra) for involvement in rating shopping...
The SECP order said the credit rating agency was directed to comply with the regulatory framework and code of conduct in letter and spirit...
RIO DE JANEIRO: Moody’s became the third big agency to cut Brazil’s credit rating to junk on Wednesday, citing mounting debt and political instability in Latin America’s biggest country...
Cutting the credit rating by two notches to Ba2, Moody’s said Brazil suffered a “low growth environment,” worsening debt, and “challenging political dynamics...
ISTANBUL: Credit ratings agency Moody’s Investor Service has downgraded Turkey’s sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy...
President Recep Tayyip Erdogan has criticised the rating agencies for being politically motivated...
WASHINGTON: Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardised if the White House and Republican opposition fail to overcome their impasse on raising the nation’s borrowing limit, a week before a key deadline...
Fitch placed the country’s AAA-ranked credit on “rating watch negative” — a move it said “reflects increased political partisanship that is hindering reaching a...