India's sovereign rating: Moody's' Christian de Guzman explains why it is not yet time to give India higher sovereign rating

Christian de Guzman of Moody's Investors Service states that India's fiscal consolidation has progressed since the pandemic, but it has not yet reached the level prior to the downgrade to BAA3. The bond markets are responding positively to the government's efforts, with lower borrowings and increased capital inflows expected. For a ratings upgrade, India's weak points, such as fiscal consolidation and debt reduction, need to show material improvement. India is not alone in the region in terms of gradual fiscal consolidation post-pandemic.

Related Keywords

Sri Lanka , India , Pakistan , , Sovereign Risk Group , Moody Investors Service , Christian De Guzman , Senior Vice President , Investors Service , Might Also Like , Asia Pacific , Indias Sovereign Rating , Sovereign Rating , Fiscal Consolidation , Moodys Investors Service , Expert View , Stock Market , Et Now , Budget 2024 ,