Home news S & P Global Ratings on Friday (November 24th) has maintained the sovereign rating of India with a steady perspective on

S & P Global Ratings on Friday (November 24th) has maintained the sovereign rating of India with a steady perspective on

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S & P Global Ratings on Friday (November 24th) has maintained the sovereign rating of India with a steady perspective on

BBB-negative (BBB-negative). The ratings agency has said that of course India’s Gross Domestic Product (GDP) growth is strong,

S & P Global Ratings on Friday (November 24th) has maintained the sovereign rating of India with a steady perspective on BBB-negative (BBB-negative). The ratings agency has said that of course India’s Gross Domestic Product (GDP) growth is strong, but its low per capita income and high government debt make it sensitive. It is notable that Moody’s Investor Service has India’s sovereign rating has improved for the first time in more than 13 years. Moody’s said that due to the continued economic and institutional reforms, the country’s growth prospects have improved. Here, S & P says that the rating given to India reflects its strengthening GDP growth, better foreign image and better monetary credibility. In addition, it promotes stability and reconciliation in India’s strong democratic institutions and its independent media policies. It has also supported his rating. But India’s low per capita income and relatively high government debt make it sensitive to its strength. It is notable that Moody’s, a US-based credit rating agency, has made a ‘BAA 2’ on Friday (November 17th) by increasing the country’s rating by one notch, due to economic and institutional reforms, with better prospects for the domestic economy. This improvement in rating has happened after 13 years. Before this, the country’s rating was improved to ‘BAA 3’ in 2004. In the year 2015,did. BAA rating is the lowest rating of the investment category. Moody’s said in his statement, “This decision to improve the rating is based on Moody’s expectation that with continuous progress in economic and institutional reforms, the prospects for India’s rapid economic growth will be better in coming time.” This will create stable and big financial support for the government’s debt and it will gradually bring down the debt pressure of the government in the medium term. “The universal rating is indicative of the investment environment of any country. It gives investors the risks related to investment in a country. These risks also include political risks. For a long time, rating agencies have been placed in India’s lowest-rated ‘BAA 3’ investment. Moody’s has now topped it a notch. This improvement in the rating has been done in a time when India’s position in the World Bank’s also increase it ratting for india world bank also increases india rating in theire research this very good news for indian goverment]]>

One Comment

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