Pakistan's credit rating was cut for the first time in nine years by Moody's Investors Service, which cited ``growing economic imbalances and renewed political difficulties.'' Stocks fell. The South Asian nation's foreign-currency sovereign rating was lowered to B2 from B1, one level below Turkmenistan and Jamaica. The ranking on locally-issued debt was also reduced to B2, Moody's said in an e-mailed statement today.

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