Pakistan's credit rating continues to steadily improve, with Moody's Ratings upgrading the country's sovereign credit rating to B3 from Caa1, with a stable outlook. The upgrade - the latest in a series of positive signals following S&P Global Ratings' similar move last month - reflects growing international recognition that Pakistan's economic trajectory is finally turning a corner. The rating is also the highest Pakistan has received from Moody's since June 2022. The last time the rating was higher than B3 was in November........

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