Fitch Ratings revises India’s outlook to ‘negative’ from ‘stable’
4 years, 6 months ago

Fitch Ratings revises India’s outlook to ‘negative’ from ‘stable’

India TV News  

Fitch Ratings on Thursday revised India’s outlook to ‘negative’ from ‘stable’, stating that the coronavirus pandemic has significantly weakened the country’s growth prospects for the year and exposed the challenges associated with a high public-debt burden. The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating by a notch to lowest investment grade of ‘Baa2’ for the first time in 22 years. “Fitch Ratings has revised the outlook on India’s long-term foreign-currency issuer default rating to negative from stable and affirmed the rating at ‘BBB-‘,” the rating agency said in a statement. “The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden.

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History of this topic

‘India, China growth to soften in 2025’
Trending News
13 hours, 20 minutes ago

‘India, China growth to soften in 2025’

The Hindu  

India and China will see softer growth in 2025, relative to their economies’ 2024 performance, with the U.S. trade policy posing material risks for the Asia Pacific region even though India and some Southeast Asian economies could see some gains from strains in U.S-China economic ties, Moody’s Ratings said on Wednesday. India’s fiscal conditions will continue to constrain its credit …

The real non-tariff barrier called CRA
1 week, 2 days ago

The real non-tariff barrier called CRA

Hindustan Times  

The sovereign ratings that the big three credit rating agencies assign a country impact its access to and cost of borrowing in international markets. REUTERS/Brendan McDermid/File Photo/File Photo But first a story on the sovereign rating trajectory of Greece and India. India has shown amongst the strongest post-Covid recovery with its GDP growing 7.5% post 2021 to Greece’s 5.6%. A …

Moody’s upgrades Sri Lanka’s rating to ‘Caa1’ after creditors’ approval of $12.55 billion debt restructuring
3 weeks, 2 days ago

Moody’s upgrades Sri Lanka’s rating to ‘Caa1’ after creditors’ approval of $12.55 billion debt restructuring

Live Mint  

Global credit ratings agency Moody's on Monday, December 23, raised the long-term foreign currency issuer rating of the South-Asian nation, Sri Lanka, reported the news agency Reuters. The long-term foreign currency issuer rating has now been raised to “Caa1” from its previous level of “Ca” with a stable outlook after the nation's creditors approved a $12.55 billion debt restructuring last …

Sri Lanka president to visit key lender China
3 weeks, 5 days ago

Sri Lanka president to visit key lender China

New Indian Express  

Sri Lankan President Anura Kumara Dissanayake will travel to the island's largest bilateral lender China for talks in January, he said on Saturday, days after completing a long-delayed foreign debt restructure. China accounted for more than half of Sri Lanka's bilateral debt at the time of the 2022 economic crash, when Colombo ran out of foreign exchange to pay for …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
2 months ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

India in economic sweet spot amid global headwinds: Moody’s
2 months ago

India in economic sweet spot amid global headwinds: Moody’s

Live Mint  

New Delhi: India’s economy is in a sweet spot, growing at 7.2% in 2024 with inflation moderating despite a temporary spurt, Moody’s Investors Service India Pvt. According to Moody’s global macro outlook for 2025-26, India’s economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle. Despite …

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating
4 months, 2 weeks ago

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating

News 18  

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday. “These forecast changes assume strong broad-based growth and we recognize potentially higher forecasts if the cyclical momentum, especially for private consumption, gains more traction,” Moody’s said. “Nevertheless, 6%-7% growth …

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
6 months, 1 week ago

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P

The Hindu  

A sovereign rating upgrade for India in the next 24 months is possible if the central government is able to prudently manage its finances and bring down fiscal deficit to 4% of GDP, an S&P Global Ratings official said on July 3. S&P Global Ratings Director, Sovereign Ratings, YeeFarn Phua, said the trigger for upgrade would be general government deficit …

Coalition crutches could cramp reform chase, say Moody’s, Fitch
7 months, 1 week ago

Coalition crutches could cramp reform chase, say Moody’s, Fitch

The Hindu  

With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …

A de jure upgrade for Indian economy
7 months, 2 weeks ago

A de jure upgrade for Indian economy

Hindustan Times  

Global rating agency S&P updated India’s sovereign outlook to “positive” after almost a decade. PREMIUM While rating agencies play a big role in sovereign debt markets and driving overall investor sentiment about countries, the latest decision is more a de jure recognition of the fact that India has emerged as a bright spot in an otherwise turbulent and uncertain economic …

Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?
7 months, 2 weeks ago

Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?

Live Mint  

S&P Global has raised the outlook on India’s credit rating to “positive" from “stable" while affirming its rating of BBB minus. It cited robust economic growth and improved expenditure quality for the move, which puts India’s sovereign rating in the reckoning for an upgrade. While India’s macro numbers broadly seem to be moving in the right direction, government officials have …

S&P upgrades outlook on India's sovereign rating to 'positive' based on country's robust economic expansion
7 months, 2 weeks ago

S&P upgrades outlook on India's sovereign rating to 'positive' based on country's robust economic expansion

India TV News  

S&P Global Ratings has upgraded India’s sovereign rating outlook to 'positive' from 'stable', while maintaining the rating at 'BBB-'. The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation, it said. India's GDP growth to aid debt reduction S&P expects India's economy …

S&P Upgrades India’s Outlook to Positive After 10 Years
7 months, 2 weeks ago

S&P Upgrades India’s Outlook to Positive After 10 Years

Deccan Chronicle  

New Delhi: After a gap of 10 years, leading rating agency S&P Global Ratings on Wednesday said that it upgraded India’s sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in the last 5 years and expectation of broad continuity in reforms and fiscal policies as well. “India outlook revised to positive on robust …

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
7 months, 2 weeks ago

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

Hindustan Times  

New Delhi, Giving thumbs up to the economic management of the Modi government, S&P Global Ratings after a gap of 14 years upgraded India's sovereign rating outlook to positive from stable on robust growth, improved quality of public spending in last 5 years and expectation of broad continuity in reforms and fiscal policies. "India outlook revised to positive on robust …

Moody's maintains stable outlook for India
9 months ago

Moody's maintains stable outlook for India

Hindustan Times  

Rating agency Moody's maintained outlook for the government of India to be stable. Maintaining stable outlook, Moody's noted India balances its large and diversified economy with high growth potential, a relatively sound external position, and a stable domestic financing base for government debt against high general government debt, weak debt affordability and low per capita income. Following a series of …

One-sided rating methodology lacks objectivity
9 months ago

One-sided rating methodology lacks objectivity

China Daily  

A cashier counts RMB notes in a bank in Haian, Jiangsu province. The following are excerpts of the ministry's response: The indicator system of Fitch's sovereign credit rating methodology fails to reflect the positive role of China's fiscal policy in promoting economic growth and stabilizing the macro-leverage ratio. Such an arrangement is conducive to maintaining the intensity of necessary expenditures, …

China says economy ‘stable,’ rejects Fitch Ratings downgrade of its fiscal outlook
9 months ago

China says economy ‘stable,’ rejects Fitch Ratings downgrade of its fiscal outlook

Associated Press  

BANGKOK — China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at a moderate and reasonable level and risks are under control. Risks to China’s public finances are rising, Fitch said, as Beijing works to resolve mounting local and regional …

Is China going to default? Fitch cuts rating to negative
9 months ago

Is China going to default? Fitch cuts rating to negative

Live Mint  

US rating agency Fitch has downgraded China's sovereign credit rating to negative from stable, citing increased risks to its public finances. Fitch said that China's government deficit may surge to 7.1% of gross domestic product in 2024 from 5.8% in 2023. "From the results, it can be seen that the indicator system of Fitch's sovereign credit rating methodology has failed …

Fitch downgrades outlook on China to negative, affirms 'A' rating: All you need to know
9 months ago

Fitch downgrades outlook on China to negative, affirms 'A' rating: All you need to know

Hindustan Times  

Fitch Ratings revised the outlook on China’s long-term foreign debt to negative from stable, citing increasing risks to the country’s public finance prospects. Rising economic uncertainties and China’s efforts to shift its growth model away from one driven by the property market “have eroded fiscal buffers from a ratings perspective,” according to a Wednesday statement by the rating agency. “Contingent …

Ratings agency Fitch lowers China’s sovereign credit outlook to negative
9 months ago

Ratings agency Fitch lowers China’s sovereign credit outlook to negative

Al Jazeera  

Beijing says it is ‘disappointed’ with decision by US-based ratings agency. The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth, the New York-based ratings agency said on Wednesday. “However, judging from the results, the indicator system of Fitch’s sovereign credit rating methodology fails to effectively reflect, in a …

Moody’s downgrades Israel’s credit rating due to Hamas conflict
11 months ago

Moody’s downgrades Israel’s credit rating due to Hamas conflict

Live Mint  

The US ratings agency Moody's downgraded Israel's credit rating Friday due to the impact of its ongoing conflict with Hamas in Gaza, lowering it by one notch from A1 to A2. In a statement, Moody's said it had done so after assessing that "the ongoing military conflict with Hamas, its aftermath and wider consequences materially raise the political risk for …

India rating upgrade possible only after fiscal deficit cut, says S&P
1 year, 1 month ago

India rating upgrade possible only after fiscal deficit cut, says S&P

Live Mint  

India can improve its rating if the country significantly reduces its fiscal deficit, as per S&P's APAC Managing Director Kim Eng Tan. S&P's India GDP Outlook is Positive Last month the rating agency revised India's GDP growth projection for FY24 to 6.4 percent from 6 percent on the back of strong domestic tailwinds. “We have revised up our projection for …

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level
1 year, 4 months ago

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level

The Hindu  

Moody's on August 18 affirmed India's sovereign rating at 'Baa3' with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. "Moody's Investors Service has today affirmed the Government of India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating atBaa3. All three global rating …

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy
1 year, 4 months ago

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy

Live Mint  

Ratings agency Moody's has affirmed BAA3 rating on India and maintained a 'stable' outlook on the Indian economy. India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remains at Baa3, while the other short-term local-currency rating stands at P-3, said Moody's in a statement on August 18. The Indian economy is likely to grow at 6.5 …

Fitch downgrades US credit rating from AAA to AA+ amid fiscal face-offs
1 year, 5 months ago

Fitch downgrades US credit rating from AAA to AA+ amid fiscal face-offs

India TV News  

Fitch Ratings has downgraded the US government over the past two years, citing "poor governance standards" and rising federal, state, and local debt. Fitch warned on May 24 that the government's triple-A rating could be lifted as Congress renews efforts to increase credit. According to the person, who requested anonymity in order to disclose private conversations, a report from Fitch …

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%
1 year, 8 months ago

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%

The Hindu  

Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6% from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the economy expected to rebound to 6.7% in 2024-25 as opposed to 6.9% projected earlier. While India will be one of the fastest-growing sovereigns rated by Fitch, bolstered by “resilient investment …

India said to bat for sovereign rating upgrade in review with global agencies
1 year, 10 months ago

India said to bat for sovereign rating upgrade in review with global agencies

The Hindu  

India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country's Finance Ministry met representatives from the top three rating agencies – Fitch Ratings, Moody’s Investors Service and S&P Global Ratings – …

India to face challenges in meeting fiscal deficit target: Report
1 year, 11 months ago

India to face challenges in meeting fiscal deficit target: Report

Hindustan Times  

India could find it challenging to meet the fiscal deficit target of 4.5% of GDP in 2025-26, an analyst at Fitch Ratings said on Wednesday, adding that the country's sovereign rating continues to remain stable. Earlier in the day, an official at Moody's Investors Service had also said that the government's fiscal deficit target for 2025/26 could see some risks. …

India’s credit worthiness stable compared to negative outlook for the world: Moody’s
2 years ago

India’s credit worthiness stable compared to negative outlook for the world: Moody’s

Live Mint  

NEW DELHI: The outlook on credit worthiness outlook for sovereigns in the Asia-Pacific region, including India, for 2023 is stable, compared to the negative outlook for sovereigns elsewhere, said rating agency Moody’s Investors Service on Monday. “The debt sustainability and financial stability are relatively well anchored in the region, with contained government liquidity risks, broadly stable debt dynamics and generally …

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook
2 years ago

Fitch Ratings affirms India's sovereign rating at 'BBB-', with stable outlook

India TV News  

Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from the country's robust growth outlook and still-resilient external finances. It said India's robust medium-term growth outlook is a key supporting factor for the rating. Nevertheless, risks remain given dynamics in labour force participation, the lagging rural sector recovery, and …

Moody’s pares India growth hopes to 7%
2 years, 2 months ago

Moody’s pares India growth hopes to 7%

The Hindu  

Citing the weakening Rupee and high oil prices, global rating firm Moody’s Investors Service on Friday, November 11, 2022, scaled down India’s 2022-23 growth projection from to 7% from an earlier estimate of 7.7% and warned that the economy’s growth will decelerate further to just 4.8% in 2023-24. India, Brazil to be ‘less vulnerable’ However, growth outcomes of the G-20 …

India's Forex Buffers Sufficient, Limited Risks to Sovereign Rating from External Pressures: Fitch
2 years, 2 months ago

India's Forex Buffers Sufficient, Limited Risks to Sovereign Rating from External Pressures: Fitch

News 18  

India’s external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, and risk to the sovereign rating from external pressure is limited, Fitch Ratings said on Wednesday. “India’s external buffers appear sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices,” …

S&P Global retains India’s 2022-23 growth hopes at 7.3%
2 years, 3 months ago

S&P Global retains India’s 2022-23 growth hopes at 7.3%

The Hindu  

S&P Global Ratings has retained its 2022-23 growth projection for India’s economy at 7.3%, citing a smaller impact from the global slowdown on its domestically-driven economy. India’s retail inflation is expected to stay above the 6% mark till the end of 2022, as wheat and rice prices are rising, core inflation has been ‘sticky’ and food inflation may rise again, …

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates
2 years, 4 months ago

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates

Firstpost  

In its Global Economic Outlook September 2022, Fitch said the GDP growth of 13.5 per cent in April-June, as per official data, was below its June expectation of 18.5 per cent increase New Delhi: Fitch Ratings on Thursday slashed its projection of India’s economic growth to 7 per cent for current fiscal year, citing elevated inflation levels and higher interest …

Fitch cuts India growth to 7% for 2022-23
2 years, 4 months ago

Fitch cuts India growth to 7% for 2022-23

The Hindu  

Fitch Ratings on Thursday, September 15, 2022, slashed its growth forecast for the Indian economy to 7% in 2022-23 from 7.8%, with 2023-24 growth to slow further to 6.7% from 7.4% projected before. Fitch also slashed global growth forecasts to 2.4% for 2022 from 2.9% in view of the European gas crisis, high inflation and a sharp acceleration in the …

Fitch Ratings cut India's growth forecast to 8.4% for current fiscal; rupee slips 5 paise against US dollar
3 years, 1 month ago

Fitch Ratings cut India's growth forecast to 8.4% for current fiscal; rupee slips 5 paise against US dollar

Firstpost  

The dollar index fell 0.22 percent to 96.16 and Brent crude futures fell 0.15 percent to USD 75.33 per barrel Mumbai: The rupee declined 5 paise to 75.49 against the US dollar in opening trade on Wednesday as persistent foreign fund outflows kept the pressure on the local unit. Fitch Ratings on Wednesday cut India’s economic growth forecast to 8.4 …

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
3 years, 1 month ago

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

Firstpost  

In a report, the rating agency said credit fundamentals are favourable for India’s companies on a sustained economic recovery and earnings of rated companies’ will rise on strong consumer demand and high commodity prices New Delhi: Moody’s Investors Service on Thursday said India’s rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector. …

Fitch retains negative outlook for India’s sovereign rating
3 years, 1 month ago

Fitch retains negative outlook for India’s sovereign rating

Live Mint  

Fitch Ratings on Tuesday reaffirmed its lowest investment grade sovereign rating for India with negative outlook holding that the country’s rating balances a still-strong medium-term growth outlook and external resilience from solid foreign-reserve buffers, against high public debt, a weak financial sector and some lagging structural issues. However, the negative outlook on the rating reflects lingering uncertainty around the medium-term …

Moody's rating agency raises outlook to 'stable' for 18 corporates and banks
3 years, 3 months ago

Moody's rating agency raises outlook to 'stable' for 18 corporates and banks

Firstpost  

This follows the upgrade by the US-based rating agency in India’s sovereign rating outlook to ‘‘stable’’ from ‘’negative’’ on Tuesday New Delhi: Moody’s Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to ‘‘stable’’ from ‘’negative’’. This follows the upgrade by the US-based rating agency in India’s …

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’
3 years, 3 months ago

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’

Hindustan Times  

India on Tuesday had its sovereign credit rating outlook revised to stable from negative by Moody’s Investors Service, on receding risks posed by the financial sector to the overall economy. “The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding. In November 2017, …

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable
3 years, 3 months ago

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable

News 18  

Rating agency Moody’s on Tuesday revised India’s rating outlook to stable from the negative ranking earlier. Moody’s Investors Service had last year downgraded India’s sovereign rating to ‘Baa3’ — which is the lowest investment grade, just a notch above junk status — from ‘Baa2’, saying there will be challenges in the implementation of policies to mitigate risks of a sustained …

India's economic activity picking pace, further upside to growth likely: Moody's
3 years, 4 months ago

India's economic activity picking pace, further upside to growth likely: Moody's

India TV News  

Moody's Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies around the world gradually reopen. In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 per cent and …

India's economy to grow at 9.3% in FY22, risks persist: Moody's
3 years, 7 months ago

India's economy to grow at 9.3% in FY22, risks persist: Moody's

Hindustan Times  

India's economy will rebound in the current financial year to mark a growth of 9.3 per cent but the second Covid-19 wave has increased risks to the country's outlook with potential longer-term credit implications, Moody's Investors Service said on Tuesday. "We expect a decline in economic activity in the April to June quarter followed by a rebound, resulting in real, …

Fiscal metrics to stay weak on COVID: S&P
3 years, 8 months ago

Fiscal metrics to stay weak on COVID: S&P

The Hindu  

An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday. “India’s COVID wave will inevitably hit the recovery and could push growth below 10%,” said Shaun Roache, chief economist, Asia Pacific at S&P. “The longer it takes to regain control, the …

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 8 months ago

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P

News 18  

S&P Global Ratings on Wednesday said the second wave of Covid infections poses downside risks to India’s GDP and heightens the possibility of business disruptions. Last week another global rating agency Fitch had projected India’s economic growth in current fiscal at 12.8 per cent, while Moody’s Investors Service had earlier this month said that the second wave of Covid infections …

Fitch Revises India GDP Growth to 12.8% for FY-22 from 11%, Says Recovery Swifter Than Expected
3 years, 9 months ago

Fitch Revises India GDP Growth to 12.8% for FY-22 from 11%, Says Recovery Swifter Than Expected

News 18  

Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. "India's second half of 2020 rebound also took GDP back above its pre-pandemic level and we have revised …

Economic Survey 2021 Lambasts Biased Sovereign Credit Ratings; Asks Agencies To Be More Transparent, Less Subjective
3 years, 11 months ago

Economic Survey 2021 Lambasts Biased Sovereign Credit Ratings; Asks Agencies To Be More Transparent, Less Subjective

ABP News  

Coming down hard on sovereign credit ratings while describing them as “noisy, opaque and biased”, the Economic Survey 2020-21 on Friday said the ratings do not reflect the fundamentals of the Indian economy. Posing questions on India’s sovereign credit ratings, the survey said: “India's fiscal policy must, therefore, not remain beholden to such a noisy/biased measure of India's fundamentals and …

Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating
3 years, 11 months ago

Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating

The Hindu  

India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested …

India’s Sovereign Credit Rating Does Not Reflect Its Fundamentals, Says Economic Survey 2021
3 years, 11 months ago

India’s Sovereign Credit Rating Does Not Reflect Its Fundamentals, Says Economic Survey 2021

News 18  

Economic Survey stated that India’s sovereign credit rating doesn’t reflect its fundamentals. “There is a large academic literature that highlights bias and subjectivity in sovereign credit ratings, especially against countries with lower ratings,” said the survey. “While sovereign credit ratings do not reflect the Indian economy’s fundamentals, noisy, opaque, and biased credit rating damage FPI flows. Sovereign credit rating methodology …

Economic Survey 2021 updates | India’s GDP is estimated to contract by 7.7%
3 years, 11 months ago

Economic Survey 2021 updates | India’s GDP is estimated to contract by 7.7%

The Hindu  

Finance Minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government's Budget for fiscal year beginning April 1, 2021. Here are the updates: Highlights of the Survey V-shaped economic recovery due to mega vaccination drive, robust recovery in the services sector and robust growth in consumption and investment V-shaped recovery …

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