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Moody’s upgrades Pakistan’s credit rating

Global rating agency Moody’s has upgraded Pakistan’s sovereign credit rating from Caa1 to B3. The move signals improved confidence in the country’s economic outlook. Read More: Moody’s upgrades Pakistan rating to B3 Moody’s linked the upgrade to stronger governance, rising foreign exchange reserves and lower domestic borrowing costs. The agency also cited continued macroeconomic stability as a…

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