Finance Ministry to hunt scores improve for India in assembly with Moody’s

Indian finance ministry officers plan to pitch for a sovereign score improve from Moody’s Buyers Service when it meets with the agency, scheduled for Sept. 28, based on folks aware of the matter.

  • Finance officers plan to supply particulars on how India will meet its funds targets for the present fiscal 12 months, which runs by March, the folks mentioned, asking to not be recognized as the small print aren’t public

  • Moody’s reduce India’s sovereign score to Baa3 in June 2020, the bottom funding grade, citing coverage challenges in addressing a chronic financial slowdown and its deteriorating fiscal place

  • Neither the finance ministry nor Moody’s responded to requests for remark

  • S&P International Rankings in Might mentioned it sees no change in India’s sovereign score for the following two years

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First Revealed: Thu, September 23 2021. 10:23 IST