Fitch upgrades Pakistan's credit rating to 'B-'

Fitch affirms Mexico credit rating but predicts recession for this year

Fitch Ratings has affirmed Mexico’s sovereign credit rating at the lowest investment-grade level while forecasting that the Mexican economy will fall into recession this year. “Fitch Ratings has affirmed Mexico’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook,” the New York-based credit rating agency said in a statement on Wednesday. Mexico maintained its investment-grade credit rating despite the likeliho…

Fitch upgrades Pakistan's credit rating to 'B-'

Fitch on Tuesday improved Pakistan's credit worthiness from a substantial default risk nation to highly speculative with limited margin of safety but with a stable outlook, affirming that the government has been on a solid path of fiscal stability and structural reforms. Fitch—one of the three global rating agencies—for the first time in three years upgraded Pakistan by one degree from CCC plus, having substantial default risk, to B negative. Th…

Fitch upgrades Pakistan’s credit rating to ‘B-’ on improving deficits, reforms

Says move reflects confidence that the country will implement structural reforms.

The rating agency reiterated that fiscal risks associated with low levels of income and government support persist for Pemex. Miguel Ángel Ensástigue OEM-Informex Amid trade tensions with the United States, the Fitch Ratings agency ratified Mexico’s sovereign rating in ‘BBB-’, with a stable perspective, due to the stability of public finances and the country’s macroeconomic framework. “Mexico’s rating is backed by a prudent macroeconomic policy…

Fitch Upgrades Pakistan Credit Rating to B- Amid Fiscal Gains and IMF Support – Pashto News and Current Affairs Channel

ISLAMABAD – In a positive development for Pakistan’s economy, Fitch Ratings has upgraded the Pakistan credit rating from ‘CCC+’ to ‘B-’. The outlook remains stable. The rating agency cited stronger fiscal discipline, better external account management, and improved macroeconomic strategies as key reasons behind this change. According to a statement released on Monday, Fitch’s decision reflects growing confidence in Islamabad’s ability to enforce…

Fitch upgrades Pakistan’s rating, signals recovery momentum

ISLAMABAD: Global credit rating agency Fitch Ratings has upgraded Pakistan’s long-term foreign currency Issuer Default Rating (IDR), moving it from ‘B-’ to ‘CCC+’, a notable improvement that signals growing international confidence in the country’s economic management. According to the sources, Fitch also maintained a “Stable” outlook for Pakistan’s long-term foreign currency rating, suggesting expectations of […] The post Fitch upgrades Pakista…