India’s credit rating cut puts it one step away from junk

[AZADPAKISTAN2009]

JUNK RATING CONFIRMED ​

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.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Zapper]

JUNK RATING CONFIRMED ​

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.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Lol the irony...pakistanis commenting about India's credit rating

Given how the global pandemic wiped out a significant chunk of several major economies and uncertainty looming over the next few months, this is no surprise. On that note, why don't you take a look at the credit ratings of other major developing economies!!

 

[Globenim]

America suffered now their "allies" and enemies must suffer a little bit more. Remember thats still a favourable rating.

 

[Rafi]

Lol the irony...pakistanis commenting about India's credit rating

Given how the global pandemic wiped out a significant chunk of several major economies and uncertainty looming over the next few months, this is no surprise. On that note, why don't you take a look at the credit ratings of other major developing economies!!

LoL why change the subject modi with his 56inch arse has fcked india in every field.

 

[AZADPAKISTAN2009]

May be India can ask for Loan from..... anyone willing to take risk with bad credit country

 

[Zapper]

May be India can ask for Loan

You mean like this
Pak plans to seek USD 15 bn in new loans to pay external public debt

https://defence.pk/pdf/threads/pak-plans-to-seek-usd-15-bn-in-new-loans-to-pay-external-public-debt.669262/#post-12388286

 

[AZADPAKISTAN2009]

"Substantial Credit Risk" hmm

Rafale must be on donation

French creditors askinng for the remainder of payment

 

[Ghareeb_Da_Baal]

fake newj

 

[Galatusman]

After the pandemic, the real estate market has fallen around the world, so it is not surprising that India has suffered the most. They have a more developed IT-sphere than lending or mortgages. However, I hope the next crisis will not shake the world economic system again since the population is not ready for such shocks. My parents recently counted their retirement savings and wanted to take out a mortgage with the help of services goodlifehomeloans.com, but now we are not sure this is a reliable solution. The economic situation can always change, and they will not be able to pay the entire amount.