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| India-Pakistan |
| Moody's downgrades Pakistan's banking system from stable to negative |
| 2019-02-12 |
| [DAWN] Moody's Investors Service has changed its outlook for the banking system in Pakistain from stable to negative, the company announced in a blurb on Monday. "Over the next 12-18 months, banks in Pakistain will see their credit profiles challenged by their high exposure to the country's low-rated sovereign debt and a slowing economy," says Constantinos Kypreos, a senior vice-president at Moody's. Moody's says that the banks' operating conditions will be difficult, with Pakistain's real GDP growth slowing to 4.3% in the fiscal year ending June 2019, down from 5.8% in 2018. |
| Posted by:Fred |