Ratings Watch - Standards & Poors Affirms Pakistans Long and Short Term rating at B- and B With Positive Outlook

News Image

By MG News | October 26, 2015 at 06:21 PM GMT+05:00

0:00

On Oct. 22, 2015, Standard & Poor's Ratings Services affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Pakistan. It also retained a positive outlook on the long-term sovereign credit ratings.

Key Points of the Statement:

  1. Economic, fiscal, and external performance is strengthening in Pakistan, and domestic security has improved. However, legacy constraints on the ratings remain.
  2. It affirmed its 'B-' long-term and 'B' short-term sovereign credit ratings on Pakistan.
  3. The outlook on the long-term ratings remains positive.

According to the statement, the agency expects Pakistan's economy to grow by about 4.5% each year on average in 2015-2018, supported by strong services and construction, the spillover effects of rising remittance inflows, improving energy (gas and electricity) supplies, lower oil prices, and higher investment. A key investment driver will be related to the China-Pakistan Economic Corridor. They also expect per capita GDP growth, a better indicator of rising prosperity, to average 2.5% a year over the same period.

 

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,055.00 108,105.00
106,625.00
-1180.00
-1.09%
BRENT CRUDE 67.15 67.50
66.34
0.41
0.61%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.57 65.90
64.67
0.46
0.71%
SUGAR #11 WORLD 15.75 16.21
15.75
-0.45
-2.78%

Chart of the Day


Latest News
July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments


July 01, 2025 at 04:30 PM GMT+05:00

Cement dispatches likely to drop 28% MoM in June 2025


July 01, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Breaking Records, Breaking Ground


July 01, 2025 at 03:28 PM GMT+05:00

June inflation falls to 3.2%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg