Current Pakistan credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's B - 31 Oct 2016 rating upgrade
Moody's Investors Service B3 negative 20 Jun 2018 outlook downgrade
Fitch Ratings B negative 25 Jan 2018 outlook downgrade
DBRS - -

Pakistan Credit Ratings: Long-term Rating Scales Comparison

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Grade S&P Moody's Fitch DBRS Description
Investment AAA Aaa AAA AAA Prime
AA+ Aa1 AA+ AA(high) High Medium Grade
AA Aa2 AA AA
AA- Aa3 AA- AA(low)
A+ A1 A+ A(high) Upper Medium Grade
A A2 A A
A- A3 A- A(low)
BBB+ Baa1 BBB+ BBB(high) Lower Medium Grade
BBB Baa2 BBB BBB
BBB- Baa3 BBB- BBB(low)
Speculative BB+ Ba1 BB+ BB(high) Speculative
BB Ba2 BB BB
BB- Ba3 BB- BB(low)
B+ B1 B+ B(high) Highly Speculative
B B2 B B
B- B3 B- B(low)
CCC+ Caa1 CCC+ CCC(high) Substantial Risk
CCC Caa2 CCC CCC
CCC- Caa3 CCC- CCC(low)
CC Ca CC CC Extremely Speculative
C Ca C C
RD C RD RD In Default
SD / SD SD
D / D D

Pakistan Credit Ratings historical data

Agencies:

Timetable of Pakistan credit ratings by S&P, Moody's, Fitch and DBRS agencies.

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Date S&P Moody's Fitch DBRS
20 Jun 2018 B3
25 Jan 2018 B
31 Oct 2016 B
15 Sep 2015 B
11 Jun 2015 B3
5 May 2015 B-
25 Mar 2015 Caa2
14 Jul 2014 Caa2
13 Jul 2012 Caa2
24 Aug 2009 B-
17 Aug 2009 B3
9 Dec 2008 CCC+
14 Nov 2008 CCC
6 Oct 2008 CCC+
23 Sep 2008 B3
21 May 2008 B3
15 May 2008 B
6 Nov 2007 B+
5 Nov 2007 B2
10 Jul 2007 B+
22 Nov 2006 B1
28 Dec 2005 B+
20 Jan 2005 B2
22 Nov 2004 B+
2 Dec 2003 B
20 Oct 2003 B2
12 Dec 2002 B
13 Feb 2002 B3
29 Oct 2001 Caa1
21 Dec 1999 B-
29 Jan 1999 SD
3 Dec 1998 CC
23 Oct 1998 Caa1
12 Oct 1998 CCC-
14 Jul 1998 CCC
1 Jun 1998 B-
28 May 1998 B3
14 Jan 1998 B+
6 Nov 1996 B2
23 Sep 1996 B1
3 Aug 1995 B+
11 Jul 1995 B1
23 Nov 1994 Ba3
21 Nov 1994 B+

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