S&P rates Pakistan bonds

Standard & Poor's assigned its BB- long-term local currency debt rating to two Pakistan investment bonds, totaling $125 million, that were issued on June 9 by the Islamic Republic of Pakistan.

S&P said the BB- rating has also been assigned to eight other Pakistan Investment Bonds totaling $836 million issued in January, April, and May.

S&P's sovereign credit ratings on Pakistan are B/B for foreign currency and BB-/B for local currency.

The outlook is positive.

"The ratings on Pakistan are supported by its comfortable external liquidity, and progress made in economic stabilization," said S&P credit analyst Chih Wai Liew.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.