Pakistan, May 9 -- S&P Global Ratings, an American credit rating , on Thursday warned that heightened tensions between Pakistan and India following an outbreak of hostilities have amplified regional credit risks.
In a statement, the global rating said it expects intense military actions between the countries to be temporary, leading to contained confrontations. However, it cautioned that miscalculations could significantly erode credit risks for both sovereigns.
The remarks come amid tensions between Pakistan and India that rose after an attack in the Indian Illegally Occupied Jammu and Kashmir (IIOJK) killed 26 men, for which New Delhi blamed Islamabad.
Pakistan denied the allegations and called for a neutral investigation of the attack...