Business Standard

‘Poor’ rating


After Standard & Poor’s stuck with its “BBB-minus” sovereign rating and “stable” outlook for India on Friday, declining to follow Moody’s recent decision to upgrade the country’s rating, many expressed their disappoint­ment on Twitter. Industrial­ist Harsh Goenka was amongst those who rued the fact that the rating agency refused to change the rating while welcoming recent government initiative­s such as the unveiling of an ambitious national goods and services tax (GST). “They should have also been Moody,” Goenka tweeted.

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