Pakistan's credit rating upgraded by Moody's to 'Caa1'

Investing.com -- Moody’s raised Pakistan’s credit rating by one notch to ’Caa1’ from ’Caa2’ on Wednesday, citing improvements in the country’s external position.

The credit rating agency also assigned a ’stable’ outlook to Pakistan’s rating.

The upgrade reflects Islamabad’s strengthening financial situation according to Moody’s assessment.

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