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Pakistan - Credit Rating
Summary
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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
View
Credit Ratings by Country
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Pakistan Consumer Morale Improves Slightly
Moody's Changes Pakistan Outlook to Stable
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