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Moody’s improves Pakistan’s rating from Stable to Positive

Moody's has improved Pakistan's credit score from Caa3 to Caa2, mirroring a better viewpoint from stable to positive.

The overhaul applies to both local and foreign currency debt score, driven by expanded certainty in regards to Pakistan's external financing following a staff-level concurrence with the IMF for a $7 billion Extended Fund Facility.

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