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単語数: 136語

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作成日: 2023/03/01 19:54

更新日: 2025/12/09 06:50

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Rating agency Moody&#039;s downgraded Pakistan&#039;s sovereign credit rating by two notches on Tuesday.
                
The company now has Pakistan at the Caa3 level. That&#039;s below the agency&#039;s lowest investment grade.
                
Pakistan&#039;s foreign exchange reserves, at the end of January, stood at around 3.1 billion dollars. That&#039;s less than one-fifth of the figure a year ago.
                
The agency said Pakistan&#039;s reserves are well below the levels necessary to pay for imports and debt costs. Moody&#039;s also said fragile liquidity significantly raises default risks.
                
Pakistan was hit by massive floods last year. A worsening trade balance and higher energy costs contributed to the plunge in foreign exchange reserves.
                
Pakistan&#039;s government has curtailed energy imports as part of its efforts to prevent foreign currency outflow.
                
Fitch Ratings also slashed Pakistan&#039;s credit ranking by two notches to &quot;CCC -&quot; last month.

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