Moody's downgrades Pak's ratings to negative ahead of polls
Credit rating agency Moody's has affirmed Pakistan's B3 rating but downgraded the outlook from stable to negative, ahead of the general elections in the country. The agency cited factors including "heightened external vulnerability risk" and low foreign exchange reserves for changing the outlook. Moody's said the decision to affirm B3 rating reflected the country's "potential for a robust growth".