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  - WN.COM - Business - 20/Aug 01:33

Moody’s upgrades ratings of 5 banks

ISLAMABAD: Moody’s Ratings on Tuesday upgraded to Caa1 from Caa2 the local and foreign-currency long-term deposit ratings of five leading Pakistani banks, following its decision to raise the country’s sovereign rating. The upgraded banks include Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL). “We have also upgraded the Baseline Credit Assessments (BCAs) and...

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