Pakistan Credit Ratings & Outlooks
Land | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Stable | B- Stable | CCC+ — | NR | NR |
Rating-Historie
Land | Date of Change | Ratingagentur | Vorheriges Rating | Vorheriger Ausblick | Aktuelles Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Aug. 13, 2025 | Moody's | Caa2 | Positive | Caa1 | Stable | |
| Juli 24, 2025 | S&P | CCC+ | Stable | B- | Stable | |
| Aug. 28, 2024 | Moody's | Caa3 | Stable | Caa2 | Positive | |
| Juli 29, 2024 | Fitch | CCC | — | CCC+ | — | |
| Juli 10, 2023 | Fitch | CCC- | — | CCC | — | |
| Feb. 28, 2023 | Moody's | Caa1 | Negative | Caa3 | Stable | |
| Feb. 14, 2023 | Fitch | CCC+ | — | CCC- | — | |
| Dez. 22, 2022 | S&P | B- | Negative | CCC+ | Stable | |
| Okt. 21, 2022 | Fitch | B- | Stable | CCC+ | — | |
| Okt. 06, 2022 | Moody's | B3 | Negative | Caa1 | Negative | |
| Juli 28, 2022 | S&P | B- | Stable | B- | Negative | |
| Juni 02, 2022 | Moody's | B3 | Stable | B3 | Negative | |
| Aug. 08, 2020 | Moody's | B3 | Under Review | B3 | Stable | |
| Mai 14, 2020 | Moody's | B3 | Stable | B3 | Under Review | |
| Dez. 02, 2019 | Moody's | B3 | Negative | B3 | Stable | |
| Feb. 04, 2019 | S&P | B | Stable | B- | Stable | |
| Dez. 14, 2018 | Fitch | B | Negative | B- | Stable | |
| Juni 20, 2018 | Moody's | B3 | Stable | B3 | Negative | |
| Jan. 25, 2018 | Fitch | B | Stable | B | Negative | |
| Okt. 31, 2016 | S&P | B- | Positive | B | Stable |
Table Key
| Bewertung | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime (Triple A) | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-Investment Grade Speculative | 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 | |||
Im Verzug mit wenig Aussicht auf Wiedergewinn | CD | RD | RD | ||
In Verzug | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Nicht bewertet | 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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