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Moody’s puts Pakistan in B3 category, hopeful about CPEC

Latest Update: September 19, 2015 | 176 Views
Moody

ISLAMABAD: Moody’s has issued rating of Pakistan’s foreign bonds while mentioning slow-pace of economic growth of the country.

The government is desirous of selling bonds worth USD 50 crore. Road shows will be conducted in New York, London and Boston for the purpose soon.

Moody’s has put Pakistan’s foreign bonds in B3 category.

However, Moody’s said that China-Pakistan Economic Corridor (CPEC) would boost growth of economy and increase foreign investments.

Furthermore, the project is likely to better transport and energy sectors.