Good news for Pakistan’s economy! S&P Global Ratings has upgraded the country’s sovereign credit rating from ‘CCC+’ to ‘B-’ with a stable outlook, signaling growing economic stability.
The ratings agency credited IMF-backed financial support and improved reserves for this positive move, saying Pakistan’s economic recovery and revenue reforms would help stabilize its debt and fiscal situation.
Bonds React Positively
Pakistan’s global bonds rallied after the announcement:
✅ The 2051 bond gained 1.6 cents, now trading at 84.85 cents on the dollar
✅ 2031 & 2036 maturities also saw moderate gains
This reflects renewed investor confidence in Pakistan’s financial future.
PM Shehbaz Welcomes Upgrade
Prime Minister Shehbaz Sharif called the credit rating improvement a validation of his government’s economic policies.
He said the upgrade would:
✔ Improve Pakistan’s access to global capital markets
✔ Reduce pressure on external debt repayments
✔ Strengthen investor confidence
“Pakistan’s economic indicators are improving, and international institutions are recognizing this progress,” the PM remarked, praising his economic team for their efforts.
This marks another step toward restoring stability and credibility in Pakistan’s financial outlook, paving the way for better market access and reduced borrowing costs.