"Standard & Poor's" (S&P) downgraded Pakistan's Credit rating from B to___________?
Correct answer: D. B NEGATIVE
- A. B PLUS
- B. C NEGATIVE
- C. C
- D. B NEGATIVE
Explanation
S&P’s downgrade moved Pakistan’s sovereign credit rating from B to B-, commonly written in such questions as B negative. B+ would indicate an improvement rather than a downgrade.
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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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