Fitch Ratings affirm well considered economic policies: Finance Ministry

ISLAMABAD, Aug 17 (APP): The Finance Ministry on Monday said that maintaining Pakistan’s sovereign rating at “B” negative with stable outlook by Fitch Ratings was a clear affirmation of the government’s well considered and effective economic and financial policies.

The Fitch Ratings on Monday maintained Pakistan’s sovereign rating at “B-” with a “Stable Outlook”, which further confirms Moody’s assessment published earlier this month.

The Finance Ministry in a tweet said that once again, this is a clear affirmation of the government’s well considered and effective economic and financial policies in some of the most challenging circumstances in living memory created by the COVID-19 Pandemic.

“Fitch Ratings has maintained Pakistan’s sovereign rating at “B-“ with a “Stable Outlook”, which further confirms Moody’s assessment published earlier this month.

Once again, this is a clear affirmation of the Government’s well considered and effective economic and financial policies in some of the most challenging circumstances in living memory created by the Covid-19 Pandemic,” the finance ministry tweeted.