Tuesday, August 16, 2011

Pakistan credit rating

Standard and Poor a well known credit rating company has
 lowered  Pakistan's credit rating.
The agency considers Pakistan a higher risk country
 in the region in terms of ability to meet
 its financial commitments and obligations,
 both domestic and international, and is rated as
 not being viable for investment.
 Pakistan has been rated by
 Standard & Poor's (S&P) as B- (negative).

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