Moody’s upgrades ratings for five Pakistani banks
Moody’s Investors Service has upgraded the credit ratings of five Pakistani banks. The global rating agency has improved the long-term deposit ratings of these banks from CAA3 to CAA2. According to Moody’s statement, Allied Bank Limited, Habib Bank Limited, Muslim Commercial Bank, National Bank of Pakistan, and United Bank Limited
Moody’s upgrades Pakistan’s credit rating to Caa2
Moody’s Investors Service upgraded Pakistan’s foreign currency issuer and senior unsecured bond ratings to B3 from Caa1, with a stable outlook. The rating for US dollar Trust Certificates issued by the Second Pakistan International Sukuk Company Limited was also raised to B3. Additionally, Moody’s revised Pakistan’s foreign-currency bond ceiling to
