Fitch Downgrades Pakistan's Currency Issuer Default Rating To CCC- | MoneyCurve | Dawn News English |
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Global rating agency Fitch on Tuesday downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC-’ from ‘CCC+’, citing further worsening in liquidity and policy risks along with pressure on foreign exchange reserves.
The drop comes four months after Fitch revised down the ranking to CCC+. Official Facebook: https://www.facebook.com/dawndotcom/ Official Twitter: https://twitter.com/dawn_com Website: www.dawn.com Official Instagram: https://www.instagram.com/dawnnewsenglish #dawnnewsenglish #dawnnews #dawn #pakistan #pakistannews #englishnews #businessnews #news |