#BREAKING | Moody's downgrades India's rating to Baa3; outlook remains ‘Negative’

India’s rating downgrade not driven by impact of #COVID19: Moody's

Moody's says India faces prolonged period of slower growth vs potential; implementation of key reforms by India relatively weak

Moody's expects India's real GDP to contract by 4.0% in fiscal 2020 due to the shock from the coronavirus pandemic and related lockdown measures, followed by 8.7% growth in fiscal 2021 and closer to 6.0% thereafter

Moody's says the longer the period of relatively subdued growth, the more likely India's debt burden will continue to rise beyond 85% of #GDP