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FinMin, Moody's to discuss India's sovereign rating

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  • Published On: November 12, 2011
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A team from credit ratings agency Moody's to review India's sovereign rating will hold consultations with finance ministry amid slowing economic growth and rising fiscal pressure. India, which enjoys a Baa3 rating from Moody's, cannot afford to see its credit worthiness downgraded as it will dip to sub-investment grade. The meeting is being held at a time when the Indian economy is passing through a rough patch.
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