Cites robust fundin­g, liquid­ity and close links with the sovere­ign underp­in as reason­s for reinfo­rcemen­tsKARACHI: Moody’s Investors Service – a leading global agency – on Thursday stated that Pakistan’s banking system would have a stable outlook for the next 12-18 months. Citing robust funding and liquidity and close links with the sovereign underpin as reasons for its reinforcements, Moody’s said that the credit profile has improved in the past months. Robust funding and liquidity and close links with the sovereign underpin our stable outlook for the Pakistan banking system over the next 12-18 months. Moody’s mentioned that despite subdued economic growth, customers’ deposits and high liquidity remain key strengths, providing banks with ample low-cost funding. “Capital levels will remain broadly stable, but Moody’s considers these modest relative to peers.

Source: The Express Tribune February 06, 2020 10:30 UTC