सविस्तर माहितीसाठी Business Line [ The Hindu ] मधील बातमी वाचावी

In Economic Survey 2016-17, Chief Economic Advisor Arvind Subramanian has highlighted what he terms the “poor standards” of the rating agencies. He feels that India’s sovereign ratings don’t reflect the country’s fundamentals and prospects, and have been stagnant for too long.

Puzzling assessment
The sovereign credit ratings assigned by the three international rating agencies — Fitch, Moody’s and Standard & Poor’s (S&P) — are on a par at ‘BBB-’, the lowest investment grade rating. Fitch and S&P have assigned a stable outlook for India, while Moody’s has assigned a more optimistic positive outlook. Moody’s upgraded India to ‘Baa3’ in January 2004, while Fitch and S&P upgraded India’s sovereign rating to ‘BBB+’ in August 2006 and January 2007 respectively.

India’s stagnant sovereign ratings is a puzzle given its nominal GDP, the sixth largest in the world, grew by 36 per cent since 2010-11 to $2.26 trillion in 2016-17 with the general government deficit moderating to 6.7 per cent in 2016-17 from a seven-year peak of 8.3 per cent in 2011-12.

via Why are India’s sovereign ratings poor? | Business Line