India May Lose Domestic And Global Credibility If Modi Doesn’t Rein In The BJP Hotheads: Moody’s

[Nilgiri]

Has done a lot of damage already

Yah tightened fiscal deficit, eased internal credit situation, increased growth rate, reformed bureaucracy appointments, cleared logjams of investment and projects, massive uptick in FDI, massive rural banking program + sanitation program...

...yup lots of damage has been done.....to poverty, economic malaise and stagnation

 

[rubyjackass]

LOL...... are you serious ?

What is the value of the opinion of a 26 year old B.A graduate living in Australia about the realities in India ?

He neither has the education or experience or onhand experience for his opinions to mean anything. Once the reality of his education and age is known, who on earth will take him seriously ?

This joker providing investments advice that will guide Trillions of $ worth of investments ? ...... the very idea is hilarious.

That is an analysis piece. Not a ratings report. Analysts are typically young. Even the big guys who write articles have ghost-analysis(which includes number crunching as well as donkey work of searching political and welfare indicators) done by some graduate. If Moody's publishes it, they are risking their credibility. They are saying consider it as published by Moody's. Look at the message.

And btw you are the one who tells whether he has onhand experience of not?

And its not that Moody's is an Oracle. They were blind to sub-prime mortgage risks. But we should respect them for their analysis because no one else watches markets like they do, for a living. Just take it as one indicator/opinion.

 

[ranjeet]

All such ratings report carry(or are supposed to carry) such disclaimers. And the author being a BA Econ grad is not enough to refute it.

@mb444
Good to know. But here the comparison is probably not fair. The statements made by BJP are similar to what is made by Republicans with regards to gun control, pro-life and bombing Syria.

The Indian government itself can be accused of silence though. Similar to how Republican Presidents don't defend/oppose their party peers' statement.

I am talking about author's opinion about BJP hotheads.

 

[rubyjackass]

I am talking about author's opinion about BJP hotheads.

But your tweet says: There is a disclaimer so Moody's disowned it. I was saying that is not true.

Disclaimers are there only to say 'don't see this report and blindly make investment decisions. There are other factors involved'.

 

[JanjaWeed]

I thought India lost credibility the day Modi came to power. It's been over a year & half..& this kambhakat credibility hasn't left India yet? Someone please deport this credibility thing asap!

 

[ranjeet]

But your tweet says: There is a disclaimer so Moody's disowned it. I was saying that is not true.

Disclaimers are there only to say 'don't see this report and blindly make investment decisions. There are other factors involved'.

Well if their report can't be trusted blindly how can opinion of author based on rumor mongering should be taken on face value?

 

[Godman]

But your tweet says: There is a disclaimer so Moody's disowned it. I was saying that is not true.

Disclaimers are there only to say 'don't see this report and blindly make investment decisions. There are other factors involved'.

The analyst makes a very good point, he shows some threats/challengers modi will face.

He is not saying that investment decsions should be based upon it

 

[rubyjackass]

Since the report quotes NO hard data its not "analysis" but OPINION masquerading as "analysis".

Anybody with half a brain can see through this.

Moody publish it because they need fillers which is done by junior employees, the kind who will struggle to find a decent job in India. THAT is the quality of such articles.

I have taken it as a prejudiced opinion and have discarded it with ease, only the MEDIA seems to think its the prophesy of an Oracle called Syed ........ Unless of course being a "muslim" automatically makes him an expert in "minority" matters., his "B.A" in australia makes him an expert in Economics.

How do you analyze credibility? Is it not a fact that today a disproportionate amount of debate and discourse time in India is wasted on communal issues(regardless of who is to be blamed)? So there is a message in the piece. Take it or leave it. Media sensationalizes..., everything!

Again the author being a muslim does not refute anything. No need to lower yourself by advertising your prejudice against muslims. His opinion's weight for our purposes now is only as much as Moody's vouching for it. You probably wouldn't have done so much background check if the author was some white guy or a last in the class, just pass Harvard-grad Hindu.

Fact: Moody's hired a guy and published his opinion/analysis under its name.
Fact: Moody's credit reports affect markets.
Fact: Moody's will suffer loss of reputation if it publishes junk.

Well if their report can't be trusted blindly how can opinion of author based on rumor mongering should be taken on face value?

Every report ever published will have that disclaimer. Because, otherwise there would be legal liability on ratings agencies and financial analysts. And nobody would ever want to do any analysis available to the public. Because some or other element(like oil prices, currency strengths and other systemic risks) will always be missed from the picture. Technically these reports are only for the purpose of making 'informed decisions', not to delegate it.

Retail investors who stupidly expect quick profits do not rely on their own analysis and blow up money. Such disclaimers are to avoid legal exposure to such claims.

The analyst makes a very good point, he shows some threats/challengers modi will face.

He is not saying that investment decsions should be based upon it

I agree.

 

[ranjeet]

Every report ever published will have that disclaimer. Because, otherwise there would be legal liability on ratings agencies and financial analysts. And nobody would ever want to do any analysis available to the public. Because some or other element(like oil prices, currency strengths and other systemic risks) will always be missed from the picture. Technically these reports are only for the purpose of making 'informed decisions', not to delegate it.

Retail investors who stupidly expect quick profits do not rely on their own analysis and blow up money. Such disclaimers are to avoid legal exposure to such claims.

I am not talking about the ratings here but the author's opinions about threats to india's credibility and reining in BJP hotheads.

 

[Godman]

Rubbish. NO ONE in India talks or debates about communal issues

ONLY the media does that to get TRP....... its a TRP bait. And only fools fall for that bait.

The author is advertising his prejudice, I am only pointing it out. I feel NO SHAME in doing so and I plan to expose any such article and posters who disguise their religious bias and prejudice as "secularism".

And YES, I would rate a Harvard grad Hindu FAR above a B.A muslim from Australia "warning" Modi.

There is no dispute regarding Moody hiring this guy and publishing this rubbish report. Most serious investors do not go by what "moody" says. They do their own research and analysis.

In any-case Moody's credibility is not my problem. Modi's is and in India Modi's credibility is sky high. Maybe globally too if recent global ranking is to be believed.

Well the author didn't say credibility of Modi was low only thing he said is that in order to continue high growth the proposed reforms are needed and the actions of some BJP members may affect the credibility of India unless modi quickly takes action against them.
His race or religion is not the problem here

 

[vsdave2302]

T

This means that Modi has build a huge credibility which may suffer a jolt. In Italian Madam Regime, there was no crdibility to loose. here her feet leakers out out in open making the moddy's statement as the base. I fact they want India to Fail so that they may tell that look "we were telling that he is going to fail. However they are and their wish will never come true.

 

[rubyjackass]

I am not talking about the ratings here but the author's opinions about threats to india's credibility and reining in BJP hotheads.

I guess we should just take it at face value as something written in Moody's review. That is why my first doubt was whether they do such analysis about US's wars and internal politics like Obamacare as well.

@mb444 answered in the affirmative. So this is not something out of the blue for a line of analysis or a case of targeting India.

Rubbish. NO ONE in India talks or debates about communal issues

ONLY the media does that to get TRP....... its a TRP bait. And only fools fall for that bait.

The author is advertising his prejudice, I am only pointing it out. I feel NO SHAME in doing so and I plan to expose any such article and posters who disguise their religious bias and prejudice as "secularism".

And YES, I would rate a Harvard grad Hindu FAR above a B.A muslim from Australia "warning" Modi.

There is no dispute regarding Moody hiring this guy and publishing this rubbish report. Most serious investors do not go by what "moody" says. They do their own research and analysis.

In any-case Moody's credibility is not my problem. Modi's is and in India Modi's credibility is sky high. Maybe globally too if recent global ranking is to be believed.

Very well. OK.

 

[Star Wars]

why the **** is a credit rating agency commenting on social problems ?

 

[xyxmt]

Modi Ji, please dont listen to these Christian Gora, they cannot stand the growth India has achieved and will achieve further if Modi stays is power. Modi ji your current policies shows that whatever you are doing has produced positive result, just look at Indian GDP....Modi ji I may be the only Pakistani supporter of you, please continue whatever your are doing only double it.

 

[Godman]

why the **** is a credit rating agency commenting on social problems ?

To be accurate its a analyst of the agency and he is actually commenting on the economic side and how political and social things may affect it. The comment about BJP hardliners received a lot of attention though