Tag: Fitch
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Fitch warns of further depreciation of Pakistani rupee due to $6.7 billion debt payment
Fitch, the world’s leading credit rating agency based in Hong Kong, said on Friday that Pakistan must pay a total of $6.7 billion in debt payments for the ongoing fiscal year of 2022-23.
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S&P Global lowers Pakistan’s credit rating to CCC+
Pakistan’s long-term sovereign credit rating was downgraded by S&P Global from “B” to “CCC+” to reflect the continuous deterioration of the country’s external, fiscal, and economic metrics.