Moody’s prescription
August 22, 2008 RESTORE the judges. No, not just another reiteration by the lawyers’ movement but a hardnosed financial analysis by Moody’s. The international credit ratings agency is predicting yet another drop in Pakistan’s credit fundamentals. The agency, which had downgraded Pakistani’s sovereign credit ratings to B2 from S1 this May, is predicting yet further deterioration in the country’s investment climate. And it thinks the deposed judiciary just might stall that.
