Moody’s downgrades India’s economic outlook to ‘negative’

Global rating agency Moody’s changed the outlook on India’s economy to ‘Negative’ from ‘Stable.’ However, it has affirmed the sovereign rating of ‘Baa2.’ The change in outlook means that an upgrade in ratings in near future is unlikely. ‘Baa2’ is a notch above last investment grade. Outlook and rating are key considerations for foreign investors to make investment in any country. India’s GDP growth rate slowed down to 5 perRead More