S&P affirms ‘B/B’ ratings for Pakistan

ISLAMABAD - S&P Global Ratings has affirmed its 'B' long-term and short-term sovereign credit ratings on Pakistan with the outlook for the long-term ratings stable.

“The stable outlook reflects our expectations that Pakistan's external and fiscal metrics will not worsen materially from their current levels,” S&P says. “We believe the country's economic prospects remain favourable.”
 S&P said it may raise its ratings on Pakistan if the country's security environment settles to an extent that economic growth continues to trend higher, strengthening the country's fiscal and external positions.
 “Conversely, we may lower our ratings if the current infrastructure investments do not yield any positive impact on macro-economic stability. Indications of this would include GDP growth below our forecast, or external or fiscal imbalances higher than what we expected.” www.standardandpoors.com (ATI).