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The global ratings agency does not expect India to meet its target of reducing the fiscal deficit to 4.5 percent of GDP by 2025-26, although any slippage is unlikely to be meaningful, Moody s Senior Vice President Christian de Guzman told Moneycontrol in an interview
Moody s, Fitch and S&P began downgrading some U.S. banks this month, but some of the banks have adapted to the new macro-environment and are better credits than in 2021.
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