Mumbai: Global credit ratings, research and risk analysis firm Moody’s Investors Service on Tuesday said the recent reduction in excise cuts on petrol and diesel will “create material downside risks” to the central government’s fiscal deficit target. According to a Moody’s note, the excise cuts will reduce government revenue by[Read More…]
Tag: Moody’s
Finance Ministry questions Moody’s rating methods
The Finance Ministry on Thursday challenged the methods used by Moody’s rating system to evaluate a country’s investor worthiness. India’s sovereign rating by Moody’s stands at ‘Baa3’, the lowest investment grade — just a notch above ‘junk’ status. On Tuesday, Moody’s called India’s reform process slow and gradual with muted[Read More…]