VIS Credit Rating Company Limited has maintained the entity ratings of Engro Powergen Qadirpur Limited (EPQL) at ‘AA-/A-1’, signifying high credit quality with low business risk, according to a press release. While the long-term rating of ‘AA-’ indicates a strong capacity for timely debt repayment, the short-term rating of ‘A-1’ highlights the company’s ability to … Read more
Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3, with the outlook revised to positive from stable, as announced on Wednesday. The global credit rating agency cited Pakistan’s improving macroeconomic conditions and slightly better government liquidity and external positions as key factors behind the upgrade. … Read more
Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from CAA3 to CAA2, while changing the country’s outlook from stable to positive. This decision reflects the country’s improving macroeconomic conditions and moderately better government liquidity and external positions, despite remaining challenges. The upgrade to CAA2 signifies a reduction in … Read more
Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — REUTERS Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3 owing to improvement in macroeconomic conditions. “We have also upgraded the rating for the senior unsecured MTN programme … Read more
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has emphasised that the country’s economic outlook has got better, following improvement in macroeconomic indicators, caused by measures taken by the government and central bank. In his message read out by Executive Director Muhammad Haroon Rasheed at Independence Day celebrations at the SBP, the governor pointed … Read more