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Politics News : Moody’s lowers India’s outlook to ‘negative’ from ‘stable’ on economic concern – Livemint


Politics News :

New York:India’s credit ratings outlook was cut to negative from stable by Moody’s Investors Service on concern the government won’t be able to help stunted economic growth.

Moody’s cited a growing debt burden and the government’s struggle to narrow the budget deficit. The rating company affirmed the nation’s foreign issuer rating at Baa2, the second-lowest investment grade score.

Financial stress, especially in rural areas, and low job creation calls into question how effective the nation’s government is in addressing economic sluggishness, William Foster, vice president of Moody’s Sovereign Risk Group, wrote in a statement.

“A prolonged period ofslower econo

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