HomeNewsRankingMoody’s Investors Service reduces sovereign rating of India to ‘Baa3’

Moody’s Investors Service reduces sovereign rating of India to ‘Baa3’

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sovereign rating of India

  • Due to the risks of a sustained period of low growth and deteriorating fiscal position, the Moody’s Investors Service has downgraded the sovereign rating of India to now “Baa3” from Baa2.
  • Also, Moody’s Investors Service estimated ontraction by 4 per cent in the India’s GDP in FY 2021.
  • because of India has taken steps to prevent coronavirus pandemic. however, Moody expects 8.7 per cent GDP for FY 2022.

About Moody’s Investors Service –
CEO: Raymond W. McDaniel Jr.
Headquarters: New York
Founder: John Moody
Founded: 1909, New York

Q.1 What is Moody’s Investors Service?

Moody’s Investors Service it is often known as Moody’s. Moody’s is an business and financial services company from america. it holds credit rating agency, and Analytics and financial analysis software and services

Q.2 What is sovereign rating?

A sovereign credit rating is generally called credit rating which is related to a nation Govt. The sovereign credit rating points about the risk level of the investing environment of a nation and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk.

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