Fitch upgrades WAPDA’s long-term foreign-currency rating to ‘CCC+’ D_Trends
Fitch Ratings has upgraded Pakistan Water and Power Development Authority’s (WAPDA) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from ‘CCC’. Fitch typically does not assign outlooks to issuers with a rating of ‘CCC+’ or below due to the high volatility of these ratings. The entity’s IDR reflects Fitch’s rating definition of a low margin … Read more