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Moody's ups Pakistan rating from negative to stable
http://www.geo.tv/8-17-2009/47758.htm
Updated at: 1429 PST, Monday, August 17, 2009
LONDON: Moody's Investors Service said on Monday it has raised its rating outlook for Pakistan to stable from negative after the country received a bigger loan from the International Monetary Fund.
"The stable outlook was prompted by the recent augmentation of Pakistan's IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms" said Aninda Mitra, Moody's analyst for Pakistan, in a statement.
Moody's has a B3 rating on Pakistan's foreign and local currency debt.
http://www.geo.tv/8-17-2009/47758.htm
Updated at: 1429 PST, Monday, August 17, 2009
LONDON: Moody's Investors Service said on Monday it has raised its rating outlook for Pakistan to stable from negative after the country received a bigger loan from the International Monetary Fund.
"The stable outlook was prompted by the recent augmentation of Pakistan's IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms" said Aninda Mitra, Moody's analyst for Pakistan, in a statement.
Moody's has a B3 rating on Pakistan's foreign and local currency debt.
