SBP says Moody’s action has nothing to do with Pakistan specifically

By MG News | May 15, 2020 at 12:18 PM GMT+05:00

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May 15, 2020 (MLN): The State Bank of Pakistan on Friday said that the placement of Pakistan’s sovereign rating under review by Moody's was not in any way because of the country’s fundamentals, policy settings or outlook, all of which are viewed in very complimentary terms by the rating agency.

Taking to its social media handle, SBP further noted Moody’s action has nothing to do with Pakistan specifically. In fact, the only driver is Moody’s global approach of placing all countries that are expected to participate in the G20 debt relief initiative under review.

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