Moody's lifts Pakistan sovereign rating to B3 from Caa1

Moody's lifted Pakistan's sovereign rating to B3 from Caa1 on Monday, according to Dawn, citing improvements in governance and easing external vulnerability risks, and kept the outlook stable. This comes a month after S&P Global Ratings upgraded Pakistan's long-term rating to B from B-minus. A sovereign rating reflects a country's financial health for foreign investors, and an upgrade can boost confidence and improve borrowing terms.

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