“Pakistan’s default risk has taken a big cut in the last 12 months, Bloomberg”

“Pakistan’s default risk has taken a big cut in the last 12 months, Bloomberg”

According to the US magazine Bloomberg, Pakistan’s default risk has recorded a sharp cut in the last 12 months.
According to Bloomberg, the probability of Pakistan defaulting has dropped from 59 percent to 47 percent.
Bloomberg says the improvement in the credit outlook by global financial institutions has reduced Pakistan’s default risk. Economic stabilization and reforms have also led to a cut in default risk.
Bloomberg says the decline in Pakistan’s default risk is a sign of growing investor confidence.
In his statement, Finance Ministry Advisor Khurram Shehzad said that according to Bloomberg Intelligence, Pakistan has shown the biggest improvement in sovereign default risk, and Pakistan has secured first place in the global rankings in terms of reducing default risk.
Khurram Shehzad says the decline in the probability of default from 59% to 47% in the last 12 months is a reason for global investor confidence.