Sri Lanka’s sovereign rating, which is on par with Kenya and Ukraine, may be raised as funds from a $2.5 billion International Monetary Fund loan improved the “external liquidity situation,” Standard & Poor’s said.
Pakistan’s most destructive floods are a “temporary setback” and won’t have a bearing on the nation’s credit rating, Standard & Poor’s said even as the government predicted the disaster will hurt growth.
Within a minute of Thailand’s army announcing a coup, the baht fell 0.6 percent versus the dollar. Templeton Emerging Markets Group and Samsung Asean Equity Fund say any market weakness will be shortlived.
Pakistan’s government is bracing for criticism when it sells a planned record amount of state assets as Mian Mohammad Mansha, a tycoon linked by the opposition to the ruling party, warns he may be a bidder.
Nawaz Sharif was headed for a record third term as prime minister of Pakistan as unofficial results from a landmark election gave him the convincing win he sought to tackle a slumping economy and growing militancy.