Moody’s upgrades upgrades Pakistan’s banking sector to positive
Listen to the article Moody’s, a global credit rating service, has revised the prospects of the Pakistan banking sector from stable to positive, attributing a change to stronger economic performance and recovery to macroeconomic conditions since last year’s recession. The organization’s latest report noted that Pakistan banks are largely invested in government securities, holding about 50% of their total assets in dominant bonds. The upgrade reflects a more favorable liquidity position and improved external funding conditions, in accordance with the positive tendency to evaluate the government. According to Moody’s, Outlook’s upgrade is aligned with the improved dominant credit ratings of
