


| Moody's Downgrades India's Rating First Time in Over 2 Decades, Says GDP to Shrink by 4% in FY21 |
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Moody's Investors Service downgraded India's credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia's third-largest economy, rising debt and persistent stress in parts of the financial system. Downgrading India's rating by a notch to 'Baa3'' from 'Baa2''....
Posted: 2020-06-01 20:52:00
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