New Delhi: Moody Ranking Agency on Tuesday confirmed the ranking of Indian sovereignty and increased the country’s prospects to be ‘stable’ of ‘negative’, citing the risk of economic downturn and financial systems.
Sovereign rating by Moody’s Stand in ‘BAA3’ – which is the lowest investment value, just as weighing the status of garbage above.
“Moody’s investor services today have changed views on Indian ranking government to stable from negative and stressed the ranking of long-term issuers and foreign currencies in the country and a local long-term senior assessment in BAA3,” he said in a statement.
The decision to change the stable prospect reflects Moody’s view that the risk of decreasing from negative feedback between the real economy and the financial system is receding.
“With a higher capital pillow and larger liquidity, banks and non-bank financial institutions have a much lower risk of sovereignty than anticipated by Moody before.” And while the risks originating from high debt burdens and weak affordability of debt, Moody’s expects that economic environment.
will enable a gradual reduction of the general government fiscal deficit over the next few years, prevent further setbacks from sovereign credit profiles, “he added.
Moody’s investor services last year lowered India’s sovereignty to ‘Baa2’, said there would be a challenge in implementing policies to reduce policy The risk of continuing periods with low growth and deteriorating fiscal position.
Outlook in the ranking is still negative.