AZADPAKISTAN2009
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JUNK RATING CONFIRMED
![tenor.gif](/proxy.php?image=https%3A%2F%2Fmedia.tenor.com%2Fimages%2F093b9697513e39753a82a6534159d0f8%2Ftenor.gif&hash=aca057d9a99dd5da854daad5ba9cfcc4)
JUST ABOUT .....JUNK
@Zapper
India’s credit rating moved one step closer to junk after Moody’s Investors Service downgraded the nation to the lowest investment grade level and surprised economists by keeping it on a negative watch.
Moody’s reduced the long-term foreign-currency credit rating to Baa3 from Baa2, with the outlook implying it could cut the rating further. The action brings its rating in line with the BBB- assessment from S&P Global Ratings and Fitch Ratings Ltd.
The economy is facing its first contraction in more than four decades and a fiscal deficit blowout as the coronavirus pandemic spreads. Moody’s said India’s growth and credit profile were deteriorating even before the virus outbreak and those risks will become more pronounced now.
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Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
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