Recently Standard and Poor (S & P) rating agency has maintained Pakistan’s long-term and short-term sovereign rating as “B”. Talking about the institutional and economic profile, the agency said “political changes were unlikely to lead to economic turbulence and the 2018 general election will have a limited impact on the policy and macroeconomic environment”. However, due recent political situation the KSE-100 index has plunged drastically and investors are struggling in the stock market.
|As a student of investment analysis & portfolio management, you are required to comment on the statement given by the rating agency. Either you agree or disagree with the statement. Give logical reasoning to support your answer.|
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