SPX4,297.14+16.99 0.40%
DIA339.37+1.54 0.46%
IXIC13,128.05+80.87 0.62%

BRIEF-S&P Says Pakistan Outlook Revised To Negative On Weakening External Position 'B-' Rating Affirmed

BRIEF-S&P Says Pakistan Outlook Revised To Negative On Weakening External Position 'B-' Rating Affirmed

Reuters · 07/28/2022 08:21
BRIEF-S&P Says Pakistan Outlook Revised To Negative On Weakening External Position 'B-' Rating Affirmed

- S&P :

  • S&P SAYS PAKISTAN OUTLOOK REVISED TO NEGATIVE ON WEAKENING EXTERNAL POSITION; 'B-' RATING AFFIRMED

  • S&P SAYS PAKISTAN'S EXTERNAL POSITION IS WEAKENING DUE TO HIGHER COMMODITY PRICES, RUPEE DEPRECIATION, AND TIGHTER GLOBAL FINANCIAL CONDITIONS

  • S&P ON PAKISTAN SAYS EXTERNAL RESOURCES ARE LIKELY TO REMAIN UNDER PRESSURE EVEN AFTER EXPECTED DISBURSEMENTS FROM IMF UNDER THE RESTORED EFF PROGRAM

  • S&P SAYS NEGATIVE OUTLOOK REFLECTS GROWING RISKS TO PAKISTAN'S EXTERNAL LIQUIDITY POSITION OVER THE NEXT 12 MONTHS

  • S&P ON PAKISTAN SAYS GOVERNMENT'S FISCAL PERFORMANCE WILL FACE INCREASING STRAIN FROM HEIGHTENED INTEREST SERVICE COSTS

  • S&P SAYS RATINGS ON PAKISTAN REMAIN CONSTRAINED BY A NARROW TAX BASE AND DOMESTIC AND EXTERNAL SECURITY RISKS, WHICH ARE ELEVATED

  • S&P SAYS HUMANITARIAN & SECURITY CONDITIONS IN NEIGHBORING AFGHANISTAN COULD POSE ADDITIONAL RISKS TO PAKISTAN'S DOMESTIC SECURITY IN THE YEARS AHEAD

  • S&P SAYS REVISED OUTLOOK TO NEGATIVE TO REFLECT PAKISTAN'S WEAKENING EXTERNAL METRICS AGAINST BACKDROP OF HIGHER COMMODITY PRICES

  • S&P SAYS IT EXPECTS PAKISTAN TO ACHIEVE MODERATE GROWTH OVER NEXT FEW YEARS, BUT TIGHTER DOMESTIC MONETARY CONDITIONS & ELEVATED INFLATION LIKELY TO WEIGH ON ACTIVITY

  • S&P-EXPECT PAKISTAN'S FOREIGN EXCHANGE RESERVES TO REMAIN HEAVILY DEPENDENT UPON RENEWAL OF EXISTING BILATERAL CREDIT AND COMMERCIAL LOAN FACILITIES

  • S&P SAYS REVISED OUTLOOK TO NEGATIVE TO REFLECT PAKISTAN'S WEAKENING EXTERNAL METRICS AGAINST BACKDROP OF WEAKENING RUPEE

  • S&P ON PAKISTAN SAYS EXPECT INFLATION TO REMAIN ELEVATED FOR THE REMAINDER OF THIS YEAR, BEFORE GRADUALLY MODERATING FROM 2023 ONWARD

  • S&P ON PAKISTAN SAYS PREVAILING PRICE DYNAMICS LIKELY TO HURT PACE OF PRIVATE CONSUMPTION GROWTH IN CURRENT FISCAL YEAR ENDING JUNE 2023

  • S&P SAYS PAKISTAN'S HIGHER INTEREST RATE ENVIRONMENT WILL PLACE ADDITIONAL UPWARD PRESSURE ON GOVERNMENT'S DEBT SERVICING COSTS OVER NEXT 2 TO 3 YEARS

Source text for Eikon: [ID:]

Further company coverage: [ ]


((Reuters.Briefs@thomsonreuters.com;))