Morning News: Moody’s upgrades debt ratings to ‘Caa1’ – By Vector Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Moody&rsquo;s Ratings (Moody&rsquo;s) on Wednesday upgraded the government of Pakistan&rsquo;s local and foreign currency issuer and senior unsecured debt ratings to Caa1 from Caa2. The rating agency also upgraded the rating for the senior unsecured MTN programme to (P)Caa1 from (P)Caa2 and concurrently, changed the outlook for the government of Pakistan to stable from positive. (BR)</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Finance Minister Muhammad Aurangzeb said on Wednesday that there was more room for the central bank to cut the country&rsquo;s key policy rate down from 11 percent. The next policy rate announcement is due on September 15, according to the State Bank of Pakistan&rsquo;s calend...