Arthanomics Vittarth

Outlook by Rating Agencies on Indian Economy

This week #Arthanomics brings to you the outlook of #creditratingagencies on the #indianeconomy. Moody’s has downgraded India’s #sovereignrating from Baa3 to Baa2 on account of deterioration of general government fiscal position and distress in the financial sector. Fitch expects 9.5% growth in the next #fiscalyear with an external resilience because of strong #FOREX buffer provided #financialsector health does not deteriorate. S&P maintained BBB- for long term and A3 for short term credit rating. It also expects recovery from #FY22 with above average real #GDP growth and sound external profile.
Thank You
Team Vittarth
Credits: Shantanu Thakare & Sunil Kumar Vashisth

#NIBM #vittarth #Arthanomics #LockdownEffect #Economy #slowdown #recession #india #GDP #CreditRatingAgencies #Ratings #Moodys #Baa3 #Fitch #S&P
Vittarth Youtube Channel: https://lnkd.in/eEQpqHQ

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