credit rating

Bank of America upgrades bonds despite doubts over govt’s IMF dealings

Country’s rating was cut to “A2”, five notches above investment grade

Will monitor upcoming elections; pending economic reforms, IMF loan are key determinants

Agency says ‘CCC’ rating reflects high external funding risks amid high medium-term financing requirements

Industry presses govt to take emergency steps for improving economy

Predictions much higher than assessments made by SBP, says country's susceptibility to event risk is 'high'

Many companies have opted for inter-corporate financing rather than taking bank loans

Standard & Poor's remove Britain's coveted AAA status, downgrading it by two notches with a long-term negative outlook

Fellow agencies, Standard and Poor’s and Fitch have also downgraded Saudi Arabia in recent months

Considers downgrading other crude exporters due to low prices