Moody’s review for downgrading ratings of 14 banks in Pakistan, Jordan, Lebanon

Karachi: Moody’s Investors Service would conduct a review of 14 financial institutions in Jordan, Lebanon, Pakistan and Ukraine today for downgrading ratings on the basis of their credit assessments if positioned above their countries’ sovereign debt ratings.

According to Alfalah Securities Limited believes the major local banks of Pakistan may experience a cut in entity ratings based on their risk profile. The banks have recently enhanced their exposure in government securities thus, facing higher sovereign risk on their balance sheet.

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