Current Pakistan credit ratings, according to main rating agencies.
Swipe left to see all data
| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | CCC+ | - | 22 Dec 2022 | rating downgrade |
| Moody's Investors Service | Caa3 | - | 28 Feb 2023 | rating downgrade |
| Fitch Ratings | CCC | - | 10 Jul 2023 | rating upgrade |
| DBRS | - | - |
Pakistan: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
The first official book of 
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Use the best metrics to test it
Choose Bond ETFs to control risk
Join the passive investing strategy
Use the best metrics to test it
Choose Bond ETFs to control risk
Join the passive investing strategy
New asset allocation simulations in USD and EUR
Pakistan Credit Ratings historical data
Timetable of Pakistan credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 10 Jul 2023 | CCC | |||
| 28 Feb 2023 | Caa3 | |||
| 14 Feb 2023 | CCC- | |||
| 22 Dec 2022 | CCC+ | |||
| 21 Oct 2022 | CCC+ | |||
| 7 Oct 2022 | Caa1 | |||
| 2 Aug 2022 | B- | |||
| 30 Jul 2022 | B- | |||
| 3 Jun 2022 | B3 | |||
| 2 Dec 2019 | B3 | |||
| 4 Feb 2019 | B- | |||
| 14 Dec 2018 | B- | |||
| 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+ |
Back to Pakistan Government Bonds - Yields Curve
The first official book of
