Monday, Moody's Investors Service raised the outlook for Pakistan's B3 foreign and local currency sovereign bond ratings to stable from negative.
The outlooks on the B3 country ceiling for foreign currency bank deposits and the B1 country ceiling for foreign currency debt are also changed to stable from negative.
"The stable outlook was prompted by the recent augmentation of Pakistan's IMF program by $3.2 billion to more than $11 billion, and several ongoing policy and structural reforms" said Aninda Mitra, Moody's Vice President and Sovereign Analyst for Pakistan. Meanwhile, remittance inflows from overseas Pakistanis have remained strong.
Moody's last rating action on Pakistan was on December 12, 2008, when the outlook was changed to negative following a review for possible downgrade.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.