[lbo-talk] Debt crisis looms for Pakistan after rating downgrade

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Mon Oct 6 10:36:03 PDT 2008

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WRAPUP 1-Debt crisis looms for Pakistan after rating downgrade http://www.reuters.com/article/companyNewsAndPR/idUSISL37755820081006?sp=true

Mon Oct 6, 2008

By Simon Cameron-Moore

ISLAMABAD, Oct 6 (Reuters) - The risk that Pakistan could become the bankrupt state it was before a military coup nine years ago loomed larger on Monday as the rupee struck an all-time low and its debt was relegated deeper into junk bond territory. http://www.reuters.com/article/companyNewsAndPR/idUSISL37755820081006?sp=true

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