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Moody’s has placed Pakistan’s long-term B3 ratings on review for downgrade as it expects the country to request bilateral debt service relief from G-20 creditors under the recently-announced initiative causing losses to private sector creditors.
Moody’s has said that suspension of debt service obligations to official creditors would be unlikely to have rating implications but the G-20 has called on private sector creditors to participate in the initiative on comparable terms.
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