The global rating agency Moody’s Investors Service on Monday downgraded India’s rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2 The global rating agency Moody’s Investors Service on Monday downgraded India’s rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2. “Moody’s has adowngraded India’s local-currency senior unsecured rating to Baa3 …
If nominal GDP growth does not return to high rates, Moody’s expects that government will face very significant constraints in narrowing general budget deficit and preventing a rise in debt burden Rating agnecy Moody’s Investors Service has changed the outlook on India to negative from stable and affirmed the Baa2 foreign-currency and local currency long-term issuer ratings. Moody's changes India's …
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