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LONDON India’s devastating COVID-19 crisis is making investors question more than ever whether after years of debt accumulation and patchy progress on…
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LONDON (Reuters) - India’s devastating COVID-19 crisis is making investors question more than ever whether after years of debt accumulation and patchy progress on reforms, a country touted as a future economic superpower still deserves its ‘investment grade’ status.
FILE PHOTO: A bank employee maintains order as customers wait in lines to enter a bank during a 21-day nationwide lockdown to slow the spreading of coronavirus disease (COVID-19) in Agra, India, April 7, 2020. REUTERS/Danish Siddiqui
A spate of downgrades last year had already left India’s investment grade credit ratings hanging by a thread and the severity of the current virus wave is making the main agencies, S&P, Moody’s and Fitch agitated again.
Read more about India s prized investment grade status hanging by a thread amid Covid-19 on Business Standard. The severity of the current virus wave is making the main agencies, S&P, Moody s and Fitch agitated
A spate of downgrades last year had already left India s investment grade credit ratings hanging by a thread and the severity of the current virus wave is making S&P, Moody s and Fitch agitated again