Published On: Jun 01, 2020

Moody's downgraded India's ratings to Baa3 from Baa2 on Monday, saying that the country's policymaking institutions will be challenged to mitigate the risks of a prolonged period of slower growth, rising debt and stress in the financial sector. The ratings cut was not driven by the impact of the COVID-19 pandemic but amplifies vulnerabilities in India's credit profile that were present and building prior to the shock, the agency added.  

Related Videos

Entertainment Articles