Why India’s credit rating is intact

In the aftermath of the financial and sovereign debt crises there has been a tendency for global rating agencies to follow a conservative path to credit rating. Such an approach has had its own share of controversies, especially when the US was downgraded. Some aver that rating agencies are playing safe by downgrading countries to hedge against possible default. The fact that new countries are getting on-stage to enact a crisis has made it challenging for the rating agencies.

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