Tuesday, July 10, 2007

Pakistan's Rating Outlook Lowered to `Stable' by S&P on Security Concerns

(Bloomberg) -- Pakistan's credit rating outlook was
cut by Standard & Poor's to ``stable'' from ``positive'' on
concern security is worsening in the South Asian nation.

``The outlook revision reflects growing concerns over the
country's deteriorating security environment and the risk of
fiscal slippages,'' S&P said in an e-mailed statement today.
``Pakistan's political and security situation has deteriorated
markedly in recent months.''


Read more at Bloomberg Bonds News

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