Moody’s lowered Pakistan’s ratings to B3
October 29th, 2008 by The Online Reporter
Moody’s Inverters Service lowered Pakistan’s ratings to B3 which can cause more problems for government of Pakistan to get funds to avoid default situation.
The rating on Pakistan’s government bonds was reduced by Moody’s to B3 from B2, six rankings below investment grade and the same level as Argentina, Lebanon and Bolivia.
“This adds to Pakistan’s economic difficulties,’’ said Habibur Rehman at Atlas Asset Management. “The IMF now seems to be the last option.’’
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