Fitch Rating Pakistan: Fitch sees’ real possibility’ of default
Downgrades Pakistan’s long-term IDR to ‘CCC minus’, doesn’t assign outlook • Forecasts modest recovery WASHINGTON/ISLAMABAD: The Fitch Ratings agency on Tuesday downgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to ‘CCC-’, from ‘CCC+’ due to worsening liquidity, political volatility and… Continue Reading