Tuesday, March 28, 2023
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Tag: Fitch

Fitch Ratings downgrades Chinese Modern Land following missed payment

Fitch Ratings relegated the Chinese developer Modern Land to restricted default from C on Tuesday after the company missed its payment. Modern Land is the...

IMF’s new SDR allocation could boost Pakistan’s forex reserves by $2.8bn: Fitch

The International Monetary Fund's (IMF) new expected allocation of special drawing rights (SDR) could boost the country's reserves by $2.8 billion, according to Fitch...

Wapda sells $500 million green bond at 7.5% yield

KARACHI: Pakistan has sold a $500 million 10-year green bond in the international market on Thursday evening at an estimated yield of 7.5 per...

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