Pakistan - Credit Rating

Standard & Poor's credit rating for Pakistan stands at CCC+ with stable outlook. Moody's credit rating for Pakistan was last set at Caa1 with negative outlook. Fitch's credit rating for Pakistan was last reported at CCC+ with n/a outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Pakistan thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Pakistan as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	CCC+	Stable	Dec 22 2022
Fitch	CCC+	N/A	Oct 21 2022
Moody's	Caa1	Negative	Oct 06 2022
S&P	B-	Negative	Jul 28 2022
Fitch	B-	Negative	Jul 18 2022
Moody's	B3	Negative	Jun 02 2022
Moody's	B3	Stable	Aug 08 2020
Moody's	B3	Under Review	May 14 2020
Moody's	B3	Stable	Dec 02 2019
S&P	B-	Stable	Feb 04 2019
Fitch	B-	Stable	Dec 14 2018
Moody's	B3	Negative	Jun 20 2018
Fitch	B	Negative	Jan 25 2018
S&P	B	Stable	Oct 31 2016
Fitch	B	Stable	Sep 15 2015
Moody's	B3	Stable	Jun 11 2015
S&P	B-	Positive	May 05 2015
Moody's	Caa2	Positive	Mar 25 2015
Moody's	Caa2	Stable	Jul 14 2014
Moody's	Caa2	Negative	Jul 13 2012
S&P	B-	Stable	Aug 24 2009
Moody's	B3	Stable	Aug 17 2009
Moody's	B3	Negative	Dec 12 2008
S&P	CCC+	N/A	Dec 09 2008
S&P	CCC	N/A	Nov 14 2008
Moody's	B3	Negative Watch	Oct 28 2008
S&P	CCC+	Negative	Oct 06 2008
Moody's	B3	Negative	Sep 23 2008
Moody's	B3	Stable	May 21 2008
S&P	B	Negative	May 15 2008
S&P	B+	Negative	Nov 06 2007
Moody's	B2	Negative	Nov 05 2007
S&P	B+	Stable	Jul 10 2007
Moody's	B1	Stable	Nov 22 2006
Moody's	B2	Positive Watch	Nov 08 2006
S&P	B+	Positive	Dec 28 2005
Moody's	B2	Positive	Jan 20 2005
S&P	B+	Stable	Nov 22 2004
S&P	B	Positive	Dec 02 2003
Moody's	B2	Stable	Oct 20 2003
S&P	B	Stable	Dec 12 2002
Moody's	B3	Stable	Feb 13 2002
Moody's	Caa1	Stable	Oct 29 2001
S&P	B-	Stable	Dec 21 1999
S&P	SD	N/A	Jan 29 1999
S&P	CC	Negative	Dec 03 1998
Moody's	Caa1	Negative	Oct 23 1998
S&P	CCC-	Negative	Oct 12 1998
S&P	CCC	Negative Watch	Jul 14 1998
S&P	B-	Negative Watch	Jun 01 1998
Moody's	B3	Negative	May 28 1998
S&P	B+	Negative Watch	May 22 1998
S&P	B+	Negative	Jan 14 1998
Moody's	B2	Negative	Nov 06 1996
Moody's	B1	Negative Watch	Sep 23 1996
S&P	B+	Stable	Aug 03 1995
Moody's	B1	Stable	Jul 11 1995
Moody's	Ba3	Stable	Nov 23 1994
S&P	B+	Positive	Nov 21 1994

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Pakistan Rupee Hits Record Low

Pakistan Hikes Main Rate to 17%

Pakistan Wholesale Inflation Slows for 4th Month

Pakistan Inflation Rate Rises Again

Pakistan Consumer Morale Improves Slightly

Moody's Changes Pakistan Outlook to Stable

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