Tuesday 8 October 2013

Moody’s: a downgrade for India? | beyondbrics

Moody’s: a downgrade for India? | beyondbrics:

"It was not a downgrade but Moody’s decision to cut its outlook on Brazil’s sovereign rating was something of a blow for Latin America’s largest economy.

Given the problems that India has been having with its plunging rupee and widening fiscal deficit, is there any reason to think that India could be next in the firing line? Beyondbrics spoke to Atsi Sheth, a senior credit officer at Moody’s, to hear her views on Asia’s third largest economy.

Moody’s upgraded its foreign currency government bond rating for India in 2004 to Baa3, the lowest investment grade rating. The rating has stayed unchanged since then."

'via Blog this'

No comments:

Post a Comment