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
LONDON: An all-out military conflict with Hezbollah or Iran could have significant “credit consequences” for Israeli debt issuers, credit ratings agency Moody’s said on Tuesday. “We continue to assume that the ongoing tensions will not escalate into an all-out military conflict between the two sides or extend to involve Iran, thus limiting the immediate credit-negative … Read more
Summer slumber set for streaming viewership in the July 16-Aug. 1 frame as total minutes watched for top original streaming series and movies took a dip from recent weeks. Netflix’s “Dirty Pop: The Boy Band Scam” and “The Decameron” showed some spunk by making it into Luminate‘s top 10 for original streaming series. Paramount+’s “The … Read more