International agency downgrades Pakistan's rating

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International agency downgrades Pakistan's rating

Worldwide rating office Standard and Poor has downsized Pakistan's rating, saying that the tension in Pakistan's foreign exchange stores will remain.

Standard and Poor have overhauled Pakistan's evaluation from B negative to significantly increase C in addition.

As per the rating office, Pakistan is dealing with monetary issues because of floods and expansion, and the tension in the country's foreign exchange trade stores will remain.

Moody's and Fitch rating offices have previously downsized Pakistan's evaluation.

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