Fitch Ratings

KSE-100 index surges 586.78 points, settles at 60,459.74

Says new deal to succeed SBA expiring in March key to country’s credit profile

Agency affirms ‘CCC’ rating for Pakistan that reflects high funding risks

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

Agency says country still remains in ‘very high credit risk’ category

New rating indicates country is managing high risk of default on its foreign debt

Rating agency says it sees GDP growth to decelerate to about 2% in FY23 from 6% in FY22

The ratings agency affirms country’s ‘Long-Term Foreign-Currency Issuer Default Rating at B-'

Keeps in view govt, private sector’s determination to ramp up spending

Benchmark KSE-100 index edges up 37.06 points to settle at 42,022.25