FinMin, Moody's to discuss India's sovereign rating
Published On:
November 12, 2011 | Duration: 24 min, 29 sec
A team from credit ratings agency Moody's to review India's sovereign rating will hold consultations with finance ministry amid slowing economic growth and rising fiscal pressure. India, which enjoys a Baa3 rating from Moody's, cannot afford to see its credit worthiness downgraded as it will dip to sub-investment grade. The meeting is being held at a time when the Indian economy is passing through a rough patch.
