Pakistan, Feb. 29 -- Moody's Investors Service on Tuesday warned of political risks following "highly controversial" general elections in Pakistan that could lead to insufficient mandate for the next government to pursue difficult economic reforms needed at this stage.
The international maintained Pakistan's ratings, including its Caa3 long-term issuer rating, with a stable outlook unchanged after completing a periodic review of the country's ratings.
"Pakistan's credit profile reflects the government's very high liquidity and external vulnerability risks as the very low levels of foreign exchange reserves remain well below what is required to meet its very high external financing needs over the near to medium term," Moody's said in the r...