- August 24, 2026
- Posted by: Tresmark
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Global ratings agency Moody’s has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, citing improvements in governance and a reduction in external vulnerability risks.
The agency maintained Pakistan’s rating outlook at stable, indicating that it does not currently anticipate a significant change in the country’s credit profile.
Moody’s said it expects the recent improvement in Pakistan’s debt affordability to be sustained, supported by continued macroeconomic stability.
The upgrade comes about a month after S&P Global Ratings raised Pakistan’s long-term sovereign credit rating to B from B-, also assigning a stable outlook and pointing to improvements in the country’s external position and gradual macroeconomic stabilisation.
Sovereign credit ratings are closely monitored by international investors and lenders as an assessment of a country’s ability to meet its debt obligations. A higher rating can strengthen investor confidence, improve access to international financing and potentially lower borrowing costs.
The latest Moody’s upgrade therefore marks another positive development for Pakistan’s sovereign credit profile and reflects improving perceptions of its economic and external stability.
