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India-Pakistan
Standard and Poor’s gives thumbs-up to Pakistan economy
2015-05-08
Good to know.
[Dawn] Standard and Poor's, one of the world's big three credit-rating agencies, on Tuesday revised Pakistain's average real GDP growth projection for 2015-17 to 4.6 per cent from 3.8pc. It also revised the country's long-term 'B minus' credit rating to positive from stable.

"Pakistain has made significant progress in stabilising its economic, fiscal, and external performance. Financing conditions have also eased considerably," said a statement issued by the agency's US headquarters.

"We are, therefore, revising the outlook on the long-term ratings on Pakistain to positive from stable. We are also affirming our 'B minus' long-term and 'B' short-term sovereign credit ratings on Pakistain," the statement said.
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