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India's sovereign ratings may turn negative: Moody's

PUBLISHED ON: August 4, 2008 | Duration: 2 min, 41 sec

  
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Election season is around the corner and sops are starting to flow freely even at a time when the government's finances are already under pressure due to high oil prices. These two factors together could mean that India now faces ratings downgrade just after Fitch took the first step. Moody's on Monday warned that downside risks to the Indian economy are rising and that could force the ratings agency to change its outlook on India.
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