Finance ministry meets Moody's execs, makes case for ratings upgrade

Moody's said that Pakistan-India tensions, including the flare-up earlier in May, would weigh on Pakistan's growth more than on India's

Finance ministry officials on Thursday met with analysts from Moody’s Ratings making its case for a ratings, upgrade on the back of macroeconomic stability, fiscal prudence and benign inflation, official sources said.  The meeting comes almost a week after India announced its provisional GDP numbers showing a rebound in the growth numbers with the four-quarter high of 7.4 per cent in the January-March period of 2024-25 (FY25).

 

While the discussions with the ratings agency come in the backdrop of recent India-Pakistan conflict and global trade tensions, Moody’s Ratings had recently said that India is better positioned than many other emerging