India Rating: Moody's made a big announcement on India's rating, kept the outlook stable but said this about growth - Newztezz Online


Friday, August 18, 2023

India Rating: Moody's made a big announcement on India's rating, kept the outlook stable but said this about growth

Moody's Rating For India: International rating agency Moody's has made a big announcement regarding India's sovereign credit rating and you should know what it has said about its growth outlook.

Moody's Rating For India: Global rating agency Moody's Investors Service has made a big announcement on India's sovereign credit rating. Moody's today retained India's rating at Baa3 and kept the country's outlook stable. Moody's has clearly said that India's economy will grow very fast on the basis of international standards. However, Moody's has also said that in the last 7 to 10 years, there has been a decrease in the rate of India's potential economic progress.

How is this news for India

Although this news can be said to be mixed for India because even before this, Moody's has given Baa3 rating to India with Stable Outlook, which is the lowest grade of investment. This time too, Moody's has not changed the credit rating for India and has described it as the fastest growing economy. Foreign investment coming into that country depends on the rating of any country. Foreign investors increase investment by seeing the same. Also, the interest rates of loan taken from abroad depend on it. 

Moody's had a meeting with the Government of India on June 16

In a meeting with global rating agency Moody's Investors Service on June 16, the Government of India raised questions about its rating methodology. On June 16, officials of the Ministry of Finance, under the chairmanship of the country's Chief Economic Advisor V Ananth Nageswaran, held an important meeting with Moody's in Delhi to raise India's rating. In this, the Indian officials had strongly presented their stand keeping the demand for rating increase. However, today it is clear from Moody's decision on India's credit rating that even after this meeting, Moody's has not changed its decision.

Moody's has expressed good hope for India in May 2023

Although Moody's has already given good news for the Indian economy in May 2023. American rating agency Moody's had informed in its research report that in the year 2022, India's GDP has been more than $ 3.5 trillion and for the coming five years, the Indian economy will be the fastest growing economy among the countries of the G20 group. Is. 

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