Moody’s justified its decision on Friday by citing effective economic policies that have helped restore investor confidence in the Turkish lira. It also highlighted the central bank’s commitment to a tight monetary policy that “durably eases inflationary pressures” and “reduces economic imbalances.” Inflation continued to slow slightly last month in Turkey, reaching 35 percent year-on-year, […]
This upgrade follows Fitch Ratings’ decision in July to raise the country’s credit rating from “CCC” to “CCC+”. Moody’s said that this upgrade reflects Pakistan’s improved macroeconomic conditions and moderately better government external positions from very weak levels. “We have also upgraded the rating for the senior unsecured MTN program to (P)Caa2 from (P)Caa3. Concurrently, […]
This upgrade follows Fitch Ratings’ decision in July to raise the country’s credit rating from “CCC” to “CCC+”. Moody’s said that this upgrade reflects Pakistan’s improved macroeconomic conditions and moderately better government external positions from very weak levels. “We have also upgraded the rating for the senior unsecured MTN program to (P)Caa2 from (P)Caa3. Concurrently, […]
Moody’s warned that a resurgence of social tensions on the back of the high cost of living (which may increase because of higher taxes and future adjustments to energy tariffs) could weigh on reform implementation Moody’s said the budget for FY25 outlines a quickening of fiscal consolidation to be achieved through increases in taxes and […]
