Moody’s downgrades India’s sovereign rating

New Delhi: Moody’s Investors Services on Monday downgraded India’s sovereign ratings as it assessed that the country’s policymaking institutions will be challenged to mitigate the risks of a sustained period of relatively low growth. Consequently, Moody’s downgraded India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. It also downgraded India’s local-currency senior unsecured rating […]

Moody’s warns India could be headed for debt trap and recessionary phase

New Delhi: Moody’s Investors Service has downgraded its outlook on India’s ratings to “negative” from “stable”, attributing increasing risks that the country’s economic growth will remain lower than in the past. Government responded to the downgrading saying India continues to be among the fastest growing major economies in the world, India’s relative standing remains unaffected. The […]