Moody's upgrades Pakistan's economic outlook to positive

ISLAMABAD, Aug. 28 (Xinhua) -- Moody's Ratings has upgraded Pakistan's economic outlook from stable to positive, the rating agency said in a statement on Wednesday.

Pakistan's local and foreign currency issuer and senior unsecured debt ratings have been improved to Caa2 from Caa3, the statement said.

The upgrade reflected Pakistan's improving macroeconomic conditions and moderately better government liqui