• Cites improved political, institutional settings and reforms • Warns weaker fiscal discipline could lead to downgrade

S&P upgraded Pakistan's rating to 'B' from 'B-'. This upgrade reflects improved institutional stability and key IMF-backed reforms. Reforms have accelerated fiscal consolidation…

July 22 : Credit ratings agency S&P Global raised Pakistan's long-term sovereign credit rating to "B" from "B-" on Wednesday, citing stronger institutional stability and effective…

July 22 : Credit ratings agency S&P Global raised Pakistan's long-term sovereign credit rating to "B" from "B-" on Wednesday, citing stronger institutional stability and effective…

The agency also upgrades the country's transfer and convertibility assessment to 'B' from 'B-'.

• Cites improved political, institutional settings and reforms • Warns weaker fiscal discipline could lead to downgrade