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Tag: fiscal deficits

Wall Street
Business
  • Reuters
  • May 19, 2025
Wall St drops, Treasury yields rise after Moody’s downgrade

Moody’s cut the US sovereign credit rating to “Aa1” from “Aaa” late on Friday, becoming the last of the three major credit rating agencies to downgrade the country.

The Asian Development Bank (ADB) unveiled a substantial aid package for Pakistan, pledging $6 billion over the next three years.
Business
  • Web Desk
  • Oct 10, 2024
Asian Development Bank commits $6 billion aid package

Around $2.8 billion of the total amount will be provided under soft term, allowing lower interest rates and extended repayment schedules. 

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