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Moody’s downgrades India’s ratings to “negative” from “stable”

Moody’s Investors Service downgraded India’s ratings to “negative” from “stable”, on increasing risks of lower economic growth and reflecting lower government effectiveness at addressing long-standing economic and institutional weaknesses. Moody’s in a release said: “Despite government measures to help reduce the depth and duration of India‚Äôs slowdown in economic growth, prolonged financial stress among rural […]