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Pakistan - Credit Rating
Summary
Export Data
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Alerts
Standard & Poor's credit rating for Pakistan stands at B- with stable outlook. Moody's credit rating for Pakistan was last set at Caa1 with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Pakistan thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Pakistan as reported by major credit rating agencies.
Agency
Rating
Outlook
Date
Moody's
Caa1
Stable
Aug 13 2025
S&P
B-
Stable
Jul 24 2025
Moody's
Caa2
Positive
Aug 28 2024
Moody's
Caa3
Stable
Feb 28 2023
S&P
CCC+
Stable
Dec 22 2022
Moody's
Caa1
Negative
Oct 06 2022
S&P
B-
Negative
Jul 28 2022
Moody's
B3
Negative
Jun 02 2022
Moody's
B3
Stable
Aug 08 2020
Moody's
B3
Under Review
May 14 2020
Moody's
B3
Stable
Dec 02 2019
S&P
B-
Stable
Feb 04 2019
Moody's
B3
Negative
Jun 20 2018
S&P
B
Stable
Oct 31 2016
Moody's
B3
Stable
Jun 11 2015
S&P
B-
Positive
May 05 2015
Moody's
Caa2
Positive
Mar 25 2015
Moody's
Caa2
Stable
Jul 14 2014
Moody's
Caa2
Negative
Jul 13 2012
S&P
B-
Stable
Aug 24 2009
Moody's
B3
Stable
Aug 17 2009
Moody's
B3
Negative
Dec 12 2008
S&P
CCC+
N/A
Dec 09 2008
S&P
CCC
N/A
Nov 14 2008
Moody's
B3
Negative Watch
Oct 28 2008
S&P
CCC+
Negative
Oct 06 2008
Moody's
B3
Negative
Sep 23 2008
Moody's
B3
Stable
May 21 2008
S&P
B
Negative
May 15 2008
S&P
B+
Negative
Nov 06 2007
Moody's
B2
Negative
Nov 05 2007
S&P
B+
Stable
Jul 10 2007
Moody's
B1
Stable
Nov 22 2006
Moody's
B2
Positive Watch
Nov 08 2006
S&P
B+
Positive
Dec 28 2005
Moody's
B2
Positive
Jan 20 2005
S&P
B+
Stable
Nov 22 2004
S&P
B
Positive
Dec 02 2003
Moody's
B2
Stable
Oct 20 2003
S&P
B
Stable
Dec 12 2002
Moody's
B3
Stable
Feb 13 2002
Moody's
Caa1
Stable
Oct 29 2001
S&P
B-
Stable
Dec 21 1999
S&P
SD
N/A
Jan 29 1999
S&P
CC
Negative
Dec 03 1998
Moody's
Caa1
Negative
Oct 23 1998
S&P
CCC-
Negative
Oct 12 1998
S&P
CCC
Negative Watch
Jul 14 1998
S&P
B-
Negative Watch
Jun 01 1998
Moody's
B3
Negative
May 28 1998
S&P
B+
Negative Watch
May 22 1998
S&P
B+
Negative
Jan 14 1998
Moody's
B2
Negative
Nov 06 1996
Moody's
B1
Negative Watch
Sep 23 1996
S&P
B+
Stable
Aug 03 1995
Moody's
B1
Stable
Jul 11 1995
Moody's
Ba3
Stable
Nov 23 1994
S&P
B+
Positive
Nov 21 1994
View
Credit Ratings by Country
Related
Pakistan Wholesale Price Inflation Falls to 0.2% in January
Pakistan Inflation Rises to 5.8% in January
Pakistan Holds Policy Rate at 10.5%
Pakistan Consumer Morale Weakens from 5-Month High
Pakistan Secures IMF Staff-Level Agreement to Unlock USD 1.2 Billion Loan
Moody's Raises Pakistan Rating to Caa1
Stocks in Pakistan Top Fresh Records
Pakistan Economy Grows 2.4% in Q1
Pakistan Remittances Hit Record High
Pakistan Rupee Hits Fresh Record Low
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