India not alone to get Moody’s downgrade tag

On Monday, Moody’s downgraded India’s sovereign rating a notch to Baa3, which is still investment grade, and retained its outlook as negative, citing slow reforms, policy makers facing rising challenges from a prolonged period of slower growth, rising government debt and weakening debt affordability and stress in the financial system.

from Economy-News-Economic Times https://ift.tt/2zU4Ri8