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Summary
Moodys Investor Services has stabilized Pakistans rating from the negative after increase in the foreign reserves and improvement in the economic situation. Moodys has stabilized the rating of Pakistani bonds, bank deposit and foreign currency debt. According to the analysts of the rating agency, the credit rating had been improved after the approval of US$3.20 billion loan by the IMF. They said that introduction of economic reforms was also considered in improving the rating. During next 12 to 18 months economic stability is expected. Earlier on December 12, 2008 Pakistans rating was done negative. Moodys has also stabilized the ratings of four big Pakistani commercial banks from the B Three Long Term Negative Rating. The banks include National Bank, Al-Habib Bank, United Bank and MCB.
