Analysts dismiss Moody’s downgrade in India outlook
The rating agency changed its outlook for India’s sovereign rating to negative from stable holding that the country’s economic downturn could be structural
It kept the foreign-currency and local-currency long-term issuer ratings unchanged at Baa2
Analysts on Friday dismissed ratings agency Moody’s Investor Services’ change in outlook for India’s sovereign rating (Baa2) to negative from stable. They said that the country’s economic downturn may not last long.