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India’s Sovereign Credit Rating lowered to Baa3- By Moody’s Investor Service

Published on June 03, 2020
Current Context: Moddy’s Investor Service has lowered India’s Sovereign Credit Rating lowered to Baa3.
India’s Sovereign Credit Rating lowered to Baa3- By Moddy’s Investor Service

  • It has been lowered from Baa2 to Baa3.
  • India’s Sovereign Credit Rating has been lowered as the nation is facing economic challenges and implementing its policies accordingly in order to reduce the risk of this sustained period arisen due to COVID-1
  • Moody's Investor Service has also expected contraction by 4% in India’s real GDP for FY 2021 and also has expected rise in the growth to 8.7% for FY 2022.
  • Sovereign Credit Rating is an analysis of creditworthiness of the country. It provides an analytical view to an investor about the level of risk in investing in the debt of a particular country
  • Static Part: 
    • HQ of Moody’s Corporation :New York, United States

Question: 

Q.1 What is the Sovereign Credit Rating given by Moddy’s Investor Service to India?
a. Ba1
b. Caa1
c. Aa3
d. Baa3
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