KARACHI – Moody’s Investors Service has issued a warning regarding Pakistan’s ability to obtain loans from bilateral and multilateral partners. The credit company stated that this ability will be severely limited until a new agreement is reached with the International Monetary ...

ISLAMABAD – Moody’s Investors Service has downgraded the long-term deposit ratings link of five Pakistani banks to Caa3 from Caa1. The noted rating agency downgraded long-term foreign currency Counterparty Risk Ratings of five commercial banks including Allied Bank Limited (ABL), Habib Bank ...

Moody’s Investors Service (Moody’s) has downgraded the Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1. Moody’s has also downgraded the rating for the senior unsecured MTN programme to (P)Caa3 from (P)Caa1. Concurrently, ...

NEW YORK – Moody's Investors Service on Tuesday downgraded the long-term deposit ratings of five Pakistani banks - Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd. (UBL). The rating agency has also “downgraded the ...

ISLAMABAD – Finance Minister Ishaq Dar on Friday warned Moody’s Investor Service that he would give a “befitting reply” in an official meeting if the agency did not reverse the downgrade of Pakistan’s sovereign credit rating. On Thursday, Moody’s cut Pakistan’s sovereign credit ...

Moody’s Investors Service has viewed the no-confidence motion as credit negative for Pakistan on Monday because it raises significant uncertainty over policy continuity, as well as the government’s ability to continue to implement reforms to increase productivity growth and secure ...

ISLAMABAD – International credit rating agency Moody’s has said in its report that Pakistan’s economy has the potential to grow at an annual rate of 4%. The Moody s report said that Pakistan s economy has the potential to grow at more than 4% per annum and the increase in LSM growth rate ...

The credit profile of Pakistan (issuer rating B3) reflects the country’s “baa2” economic strength, which is underpinned by the robust long-term GDP growth potential and large scale of the economy, balanced against low per capita incomes and global competitiveness, says Moody’s Investors ...

Moody’s Investors Service (Moody’s) has assigned a foreign currency senior unsecured program rating of (P)B3 to the government of Pakistan’s global medium-term note program, as well as B3 ratings to the senior unsecured, US dollar-denominated notes issued under the program with maturities of ...

Pakistani banks report strong 2020 profit growth despite pandemic and rising provisions, says Moody’s Investors Services. Moody’s in its latest report on Pakistan stated that as of 22 February, three of Pakistan’s large banks had reported their 2020 results, with MCB Bank Limited (B3 ...