Fitch upgrades Pakistan’s credit rating from CCC+ to B-
Listen to the article Fitch Ratings has upgraded the default score of Pakistan’s external coinage issuer to “B- from” CCC+”, citing stronger fiscal integration efforts and improving external stability. This marks Pakistan’s first upgrade in almost six years. The prospects have been revised to a fixed, last presented in 2018. The Evaluation Organization highlighted the increased confidence in Islamabad’s ability to limit budget deficits and seek structural reforms under the International Monetary Fund program (IMF). Fitch stressed that while strict economic policies will help rebuild international reserves, funding needs remain significant. The global commercial risks and security challenges, especially close
