US
Analysis based on worsening terms of trade, increased flow of dollars into Afghanistan, says rating agency
Keeps in view govt, private sector’s determination to ramp up spending
Says a further cut can follow as it keeps rating on negative outlook
Saudi finance ministry expresses disappointment, urges Fitch to reconsider move
Research house believes central bank will not hike interest rate further
Country’s capacity to repay weakens due to fast declining foreign currency reserves
Amid depleting reserves, govt has decided to tap international debt markets again
Cites partial reversal of gains since the end of IMF’s three-year loan programme
Agency expects growth to reach 5.3% in FY17, influx of investment linked to CPEC
The agency is now forecasting a three percent deficit for the Belgian budget in 2016