US Edition
S&P Upgrades Credit Rating to B
- Standard & Poor's upgraded Pakistan's sovereign credit rating from CCC+ to B- for the first time in three years on July 24, 2025.
- Pakistan's economic outlook is now considered stable due to improved macroeconomic indicators and successful fiscal reforms, according to Standard & Poor's.
- The agency stated that political stability and security improvements are critical for future upgrades, though political uncertainty remains high.
- Pakistan's current account posted a surplus in fiscal 2025, the first in 14 years, driven by record-high remittances totaling $39 billion.
16 Articles
16 Articles
The next issue of the Ministry of Finance (SHCP) of Precapitalized Notes (P-Caps) to strengthen Pemex’s financial position would put pressure on Mexico’s sovereign debt credit rating. Gabriela Siller, director of Economic Analysis at the Base Financial Group, explained that the pressure is real because Pemex’s structural problems have not been resolved. “An additional support from Pemex, keeping everything else constant, does press it (the ratin…
S&P upgrades credit rating to B
Standard & Poor's (S&P) credit rating agency on Thursday upgraded Pakistan's rating by a notch to B negative, which is better than the previous standing but still two positions below investment grade. The revision was made due to the implementation of reforms and a reduction in sovereign default risks. S&P Global Ratings raised Pakistan's long-term sovereign credit rating from CCC+ to B- after a gap of two and a half years, according to an annou…
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