Moody’s: India’s rating negative outlook indicates that upgrade is unlikely in near term

Moody’s Investors Services, in its latest report, offered a review on the Indian economy, in light of the coronavirus pandemic.

Key findings

“Prospects of India reforms to support business investment, growth at high levels, broaden tax base diminished.”

“India rating negative outlook indicates that upgrade is unlikely in near term.”

“Downgrade of India’s rating would likely occur if we expect its fiscal metrics to weaken materially.”