Moody’s has downgraded the credit rating of five major Pakistani banks
Karachi: Moody’s Investors Service has downgraded the credit ratings of five major banks in Pakistan. According to Express News, the effects of the ongoing crisis in the country continue to show, Moody’s, the global credit rating agency, today reduced the long-term deposit rating of five major banks from Caa1 to Caa3. These banks include HBL,…
