INSUBCONTINENT EXCLUSIVE:
This is the case for an economy which is amongst the fastest growing in the world
Not only that, the Indian economy is set to become the third largest economy in the world in the coming years.So why then is its sovereign
Sabnavis the Chief Economist at Bank of Baroda explains the importance of a good credit rating and what parameters rating agencies typically
If a particular country is able to honor all its debt commitments, then it would ideally be in a AAA-rated stage, and as this ability to
service debt keeps coming down, it could be moving downwards, right up to BBB which is considered to be the lowest level of investment
emerging markets cannot be measured with the same yardstick as the developed world
He also lays emphasis on the fact that India is an attractive destination for foreign investors and how 100% of the debt is denominated in
Madan Sabnavis is of the view that India deserves not just a basic upgrade but one to a level of at least A
in terms of liquidity management all warrant a thumbs up from rating agencies in the form of an upgrade.
