ISLAMABAD: Fitch Ratings, one of the world’s top three agencies, on Wednesday affirmed Pakistan’s long-term debt ratings at ‘B-’ (B-negative), which it had upgraded in April last year, and assigned a Recovery Rating of ‘RR4’ following the removal of the ratings from Under Criteria Observation (UCO).
In a statement issued from its regional office in Hong Kong, the agency said the rating actions reflect the application of Fitch’s new Sovereign Rating
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