Story thread · 5 reports / 5 sources

'Junk' borrower: Pakistan raises $3 billion in landmark Eurobond deal. Major market return?

businesstoday.in · 10dShare

Credit-rating agencies assign ratings based on repayment likelihood; lower ratings simply mean investors demand a higher return to compensate for perceived risk. Pakistan remains near the bottom of the credit-rating ladder, with Moody's rating the country at B3, several levels below investment grade.

First report: Pakistan Raises $3 Billion in Two-Part Junk Bond Sale — bloomberg.com, 12d