India’s Credit Rating Downgraded by Moody’s & Fitch – Assessing likely economic impacts

Harish Rajendran04 Dec, 2020News

Early this month, Moody's Investor Services, a multinational credit rating firm, downgraded India's credit rating from Baa2 to Baa3. "Fitch updated its outlook for India to the "negative" category a few days later. In this article, we intend to analyse what this translates into companies pursuing foreign investment for foreign investors in India. We also shed light on the viewpoint of the government as well as the broader economic implications of the downgrade of the ranking.