Pakistan's bonds hit 3-year high after credit rating upgrade
ReutersJul 25, 2025 10:52 AM
LONDON, July 25 (Reuters) - Pakistan's long-dated dollar bonds rallied for a second day to hit fresh three-year highs on Friday, a day after S&P Global upgraded the country's sovereign credit rating.
The rating firm's one notch increase to 'B-' cited the International Monetary Fund's support in stabilising Pakistan's strained finances.
The 2031 XS2322319638=TE and 2036 US695847AB92=TE maturities both gained around 1.6 cents on Friday to bid at 93.85 cents and 87 cents respectively, lifting them to their highest levels since early 2022.
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