Rating agency forecasts modest growth of 2% for Pakistani economy in 2024
Bank of America upgrades bonds despite doubts over govt’s IMF dealings
Country’s rating was cut to “A2”, five notches above investment grade
Draws immediate criticism from President Biden’s administration
Analyst says 'increasing risks that Pakistan may be unable to complete IMF programme that expires on June 30'
Cuts rating to Caa3, says disbursements may not be secured in time
Contesting the move, finance minister says Pakistan can meet obligations
Decision is driven by external vulnerability risk and uncertainty around ability to secure external financing
Moody's upgraded Apple's credit rating to 'AAA' based on its 'exceptional liquidity and strong earnings.
With stable outlook, rating comes ahead of WAPDA’s bond float