Tag «downgrades»

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3

Abhimanyu Sofat, Head of Research, IIFL Securities on Moody’s downgrades India’s ratings to BAA3 “Moody’s decision to lower India’s rating is a reflection of the stress in Indian economy and fiscal situation that has been amplified by the virus outbreak. We believe the subdued policy response for short term alleviation of the lockdown related stress …