Pakistan Credit Ratings & Outlooks
Paese | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Stable | B- Stable | CCC+ — | NR | NR |
Storico del rating sul credito
Paese | Date of Change | Agenzie di rating | Rating precedente | Outlook precedente | Rating attuale | Current Outlook |
|---|---|---|---|---|---|---|
| ago 13, 2025 | Moody's | Caa2 | Positive | Caa1 | Stable | |
| lug 24, 2025 | S&P | CCC+ | Stable | B- | Stable | |
| ago 28, 2024 | Moody's | Caa3 | Stable | Caa2 | Positive | |
| lug 29, 2024 | Fitch | CCC | — | CCC+ | — | |
| lug 10, 2023 | Fitch | CCC- | — | CCC | — | |
| feb 28, 2023 | Moody's | Caa1 | Negative | Caa3 | Stable | |
| feb 14, 2023 | Fitch | CCC+ | — | CCC- | — | |
| dic 22, 2022 | S&P | B- | Negative | CCC+ | Stable | |
| ott 21, 2022 | Fitch | B- | Stable | CCC+ | — | |
| ott 06, 2022 | Moody's | B3 | Negative | Caa1 | Negative | |
| lug 28, 2022 | S&P | B- | Stable | B- | Negative | |
| giu 02, 2022 | Moody's | B3 | Stable | B3 | Negative | |
| ago 08, 2020 | Moody's | B3 | Under Review | B3 | Stable | |
| mag 14, 2020 | Moody's | B3 | Stable | B3 | Under Review | |
| dic 02, 2019 | Moody's | B3 | Negative | B3 | Stable | |
| feb 04, 2019 | S&P | B | Stable | B- | Stable | |
| dic 14, 2018 | Fitch | B | Negative | B- | Stable | |
| giu 20, 2018 | Moody's | B3 | Stable | B3 | Negative | |
| gen 25, 2018 | Fitch | B | Stable | B | Negative | |
| ott 31, 2016 | S&P | B- | Positive | B | Stable |
Legenda della tabella
| Voto | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Ottimo | Aaa | AAA | AAA | AAA | AAA |
Voto elevato | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Voto medio alto | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Voto medio-basso | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Speculativo non adatto come investimento | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In default con scarse prospettive di ripresa | CD | RD | RD | ||
In default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Non classificato. | NR | NR | NR | NR | NR |
FAQ
What is Pakistan’s current credit rating?
Pakistan’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Pakistan’s credit risk.
Has Pakistan’s credit rating changed recently?
This page lists the latest rating and outlook actions for Pakistan, showing when each agency last reviewed or changed its assessment.
Why does Pakistan’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Pakistan's bond yields, currency, and equity flows as investors reassess risk.
How does Pakistan’s rating compare to other countries?
You can explore how Pakistan ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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