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

Pricey Reader,

Enterprise Commonplace has all the time strived laborious to supply up-to-date info and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help by extra subscriptions will help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Commonplace.

Digital Editor




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





























https://www.business-standard.com/article/economy-policy/finance-ministry-plans-to-seek-ratings-upgrade-in-moody-s-sept-28-meeting-121092300310_1.html