Pakistan dollar bonds rally after S&P upgrade: Bloomberg
MG News | July 25, 2025 at 10:45 AM GMT+05:00
July 25, 2025 (MLN): Pakistan’s dollar bonds extended their rally following a credit rating upgrade by S&P Global Ratings, Bloomberg reported.
According to the report, bonds maturing in 2051 rose nearly 0.3 cents on the dollar to 85.754, marking their sixth consecutive day of gains.
Similarly, bonds due in 2031 inched higher to 92.747, also setting up six straight sessions of positive movement.
The momentum was driven by S&P’s decision on July 24, 2025, to upgrade Pakistan’s credit rating from CCC+ to B- with a stable outlook.
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