Fitch maintains Pakistan's B- credit rating

MG News | January 21, 2026 at 05:03 PM GMT+05:00

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January 21, 2026 (MLN): The international credit rating agency Fitch has kept Pakistan's long-term foreign currency debt rating unchanged at B-.

The agency has also designated a Recovery Rating of 'RR4' for the country's debt obligations, according to Bloomberg.

The ratings were previously under special observation but have now been moved to standard monitoring status.

The evaluation reflects Fitch's recently revised framework for assessing sovereign creditworthiness, which was introduced in September 2025.

The updated methodology now includes specific provisions for estimating potential recovery scenarios in debt situations, which has been factored into Pakistan's current rating designation.

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