IGI Securities Limited – Investor Kit – Top News (20-05-2020)

Karachi, May 20, 2020 (PPI-OT): Moody’s puts top 5 Pakistani banks’ ratings under review

Moody’s Investors Service has put top five Pakistani banks under watch for possible downgrading of their long-term local and foreign deposit and credit ratings, suspecting Islamabad may default on repayment of debt to global “private-sector creditors” which would also weaken the banks’ ability to operate.

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