MOODY’S CHANGE RATING: BUT A LONG DUE, WHAT IS NEXT?

  • Mahavir, Neeraj M. Phil Scholar Department of Commerce, Kuk, India
Keywords: Moody’s, Up Gradation, Credit Rating, Government

Abstract

Any decision of the government does widely affect an economy because these decisions are affecting the sentiments of a local investor as well as a foreign investor. The economic and structural reforms to boost the growth of the country were taken by the Indian government from last many years. This is the result of institutionalized reforms, that MOODY’S INVESTOR SERVICE upgrades the rating of Indian sovereign bond from Baa3 to Baa2. MOODY'S also changed the outlook of the Indian economy from positive to stable. The rating agency doesn’t upgrade rating of any economy merely some step those are beneficial for a nation in short-term, but rating agency keeps in mind such measure of government that will benefit the economy for a long time. Last time Moody’s upgrade Indian rating in 2004. The current upgrade comes after 13 years. So, it is a long overdue. This research paper is based on a conceptual study. Secondary data is used in this paper and the data is collected from newspapers, magazines, and internet. In this research paper, I investigate, why Moody’s take a long time? And what is next step for the government to maintain or further upgrade the rating of India?

Downloads

Download data is not yet available.

References

Aurodeep. (2017, November 18). Look up, It’s really NaMoo!. The Economic Times, p. 10

Shah, N. (2017, November 18). Harbinger of goods days ahead for economy as well debt and equity market. The Economic Times, p. 5.

Vikraman, S.J. (2017, November 21).Ratings upgrade lifts mood, but key economic tasks remain. The Indian Express, p.9.

Moody’s Rethink: Sense Procrastinated. (2017, November 18). The Economic Times, p. 10

Sanam, M. (2017, November 18). FPIs may wait for an earning pick up to put in more money. The Economic Times, p. 6.

http://www.thehindu.com/business/Economy/moodys-lifts-indias-rating-tobaa2/article20496664.ece

www.rbi.org.in

https://www.rbi.org.in/scripts/WSSView.aspx?Id=21804

www.worldbank.org

http://www.worldbank.org/en/news/press-release/2017/10/31/india-jumps-doing-businessrankings-with-sustained-reform-focus

www.moody’sindia.in

https://www.moodys.com/researchandratings/research-type/ratings-news/-/00300E/00300E/-/- 1/0/-/0/-/-/-/-1/-/-/-/en/global/pdf/-/rra

www.finmin.nic.in

https://tradingeconomics.com/india/government-budget

http://www.mospi.gov.in/slider/graph3

https://www.youtube.com/watch?v=W61dehHGDl4

https://www.youtube.com/watch?v=lltIixQnmpg

https://www.youtube.com/watch?v=ifLUrngK-i0

https://www.youtube.com/watch?v=WFqDNZ2nN7Y

https://www.youtube.com/watch?v=PRiDuX0VEB8

Published
2018-02-28
How to Cite
Neeraj, M. (2018). MOODY’S CHANGE RATING: BUT A LONG DUE, WHAT IS NEXT? . International Journal of Engineering Technologies and Management Research, 5(2), 100-107. https://doi.org/10.29121/ijetmr.v5.i2.2018.152