Rating Upgrade Sparks Eurobond Rally

Rating upgrade sparks Eurobond rally

Pakistan's international bonds surged on Friday, following Standard & Poor's upgrade of the country's sovereign credit rating to 'B-' with a stable outlook, marking Pakistan's return to this rating level for the first time since July 2022. The upgrade, driven by improving macroeconomic fundamentals and reduced sovereign default risk, sparked strong investor interest across the yield curve, with notable gains in longer-tenor bonds. According to d…

PM Shehbaz lauds S&P ratings upgrade, vows to acheive sustainable growth

Prime Minister Shehbaz Sharif on Friday lauded S&P Global upgrade to the country’s sovereign credit rating to ‘B-’ from ‘CCC+’ and vowed to achieve sustainable economic growth. A day earlier, ratings agency S&P Global had raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook, saying the country’s finances and reserves had been stabilised by International Monetary Fund (IMF) support. “S&P’s upgrade of P…

Pakistan’s bonds hit 3-year high after credit rating upgrade

LONDON: Pakistan’s long-dated dollar bonds rallied for a second day to hit fresh three-year highs on Friday, a day...