India faces downgrade by Moody’s, change in outlook to negative by Fitch: Nomura

“India’s Achilles heel on ratings remains its parlous state of fiscal affairs. A potential spike in its general government debt from around 70% of GDP to around 75-80% of GDP may possibly trigger a reassessment of ratings, particularly for Moody’s,” said Nomura.

from Economy-News-Economic Times https://ift.tt/2Wd5RoK