The international credit rating agency Moody’s Investors Service has also upgraded the rating of 5 banks of Pakistan. A has been done. According to the announcement, ratings of Allied Bank Limited, Habib Bank Limited, Muslim Commercial Bank, National Bank of Pakistan and Dar United Bank Limited have improved. The rating agency changed the outlook for all five banks from stable to positive. This means that Moody’s believes that these banks will perform better in the future. Moody’s has also upgraded the line credit assessment of four Pakistani banks to CAA Two. It should be noted that a few days ago, Moody’s has also upgraded Pakistan’s credit rating, the Assure rating for Pakistan’s local and foreign currency loans has been upgraded. Moody’s said that Pakistan’s reduction in default risk is the reason for the improved rating.
Moody’s has upgraded the rating of 5 banks of Pakistan
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