Nawaz outster posing challenges to Pakistan Credit Profile: Moody’s

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Islamabad (August 1, 2017): Moody’s has warned ousting of Pakistan’s prime minister by the country’s top court dramatically raises the risk profile for investors and businesses in the tumultuous, but fast-growing South Asian economy.

The disqualification of Nawaz and the probe against his family is posing big challenges to the country’s credit profile.

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Political strife constrains Pakistan’s credit profile,” Moody’s Investors Service said.

Removal of Sharif will detract from policy-making in economic and fiscal matters” and reduce “the effectiveness of government policy in general.

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Originally Posted on Abbtak TV

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