Barclays upgrades Pakistan's sovereign debt to 'overweight' on improved oil market outlook: report (opens original article in a new tab)

Barclays upgraded Pakistan's sovereign debt to 'overweight' citing improved oil market prospects and economic stability, while other rating agencies have also updated Pakistan's credit ratings recently.

• Barclays upgraded Pakistan's dollar bonds to 'overweight' due to improved oil market outlook
• Barclays recommends buying specific sovereign dollar bonds and selling the five-year credit default swap
• Pakistan's external position and economic stability are cited as factors for the upgrade
• Fitch, Moody's, and S&P have also recently updated Pakistan's credit ratings