News dalla rete ITA

7 Febbraio 2019

Pakistan

S&P DOWNGRADES PAKISTAN

S&P downgraded Pakistan’s long-term credit rating to B- from B. The rating agency cited weak growth prospects and elevated external and fiscal balance deficits as reasons for the downgrade. It further added that the protracted talks with the IMF for an aid package suggest that the resulting reforms will be less expedient than earlier anticipated. The recent bilateral aid from friendly countries will help to alleviate the immediate stress but not necessarily improve financial condition over the medium term. The outlook was retained as stable reflecting expectations that Pakistan will be able to meet its external obligations over the next 12 months. (ICE DUBAI)


Fonte notizia: Emirates NBD