On May 15,which global credit rating agency announced that it is putting Pakistan under watch for possible downgrade of its long-term local and foreign credit ratings?
Correct answer: D. Moody's Corporation
- A. S&P Global
- B. Houdi International
- C. M&P Global
- D. Moody's Corporation
Explanation
Moody’s placed Pakistan’s long-term local- and foreign-currency ratings under review for a possible downgrade. S&P Global is a separate credit-rating agency and was not the agency named in this report.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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