Standard & Poor's credit rating for Pakistan stands at B- with stable outlook. Moody's credit rating for Pakistan was last set at B3 with negative outlook. Fitch's credit rating for Pakistan was last reported at B- 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.


AgencyRatingOutlookDate
Moody'sB3 Negative Jun 02 2022
Moody'sB3 Stable Aug 08 2020
Moody'sB3 Under Review May 14 2020
Moody'sB3 Stable Dec 02 2019
S&PB- Stable Feb 04 2019
FitchB- Stable Dec 14 2018
Moody'sB3 Negative Jun 20 2018
FitchB Negative Jan 25 2018
S&PB Stable Oct 31 2016
FitchB Stable Sep 15 2015
Moody'sB3 Stable Jun 11 2015
S&PB- Positive May 05 2015
Moody'sCaa2 Positive Mar 25 2015
Moody'sCaa2 Stable Jul 14 2014
Moody'sCaa2 Negative Jul 13 2012
S&PB- Stable Aug 24 2009
Moody'sB3 Stable Aug 17 2009
Moody'sB3 Negative Dec 12 2008
S&PCCC+ N/A Dec 09 2008
S&PCCC N/A Nov 14 2008
Moody'sB3 Negative Watch Oct 28 2008
S&PCCC+ Negative Oct 06 2008
Moody'sB3 Negative Sep 23 2008
Moody'sB3 Stable May 21 2008
S&PB Negative May 15 2008
S&PB+ Negative Nov 06 2007
Moody'sB2 Negative Nov 05 2007
S&PB+ Stable Jul 10 2007
Moody'sB1 Stable Nov 22 2006
Moody'sB2 Positive Watch Nov 08 2006
S&PB+ Positive Dec 28 2005
Moody'sB2 Positive Jan 20 2005
S&PB+ Stable Nov 22 2004
S&PB Positive Dec 02 2003
Moody'sB2 Stable Oct 20 2003
S&PB Stable Dec 12 2002
Moody'sB3 Stable Feb 13 2002
Moody'sCaa1 Stable Oct 29 2001
S&PB- Stable Dec 21 1999
S&PSD N/A Jan 29 1999
S&PCC Negative Dec 03 1998
Moody'sCaa1 Negative Oct 23 1998
S&PCCC- Negative Oct 12 1998
S&PCCC Negative Watch Jul 14 1998
S&PB- Negative Watch Jun 01 1998
Moody'sB3 Negative May 28 1998
S&PB+ Negative Watch May 22 1998
S&PB+ Negative Jan 14 1998
Moody'sB2 Negative Nov 06 1996
Moody'sB1 Negative Watch Sep 23 1996
S&PB+ Stable Aug 03 1995
Moody'sB1 Stable Jul 11 1995
Moody'sBa3 Stable Nov 23 1994
S&PB+ Positive Nov 21 1994