http://blogs.reuters.com/india-expertzone/2012/04/30/india-economy-crisis/ Straight from the Specialists Mon, 20 May 2013 07:48:42 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/india-expertzone/2012/04/30/india-economy-crisis/comment-page-1/#comment-577 RobertGeorge Mon, 30 Apr 2012 08:23:44 +0000 http://blogs.reuters.com/india-expertzone/?p=1766#comment-577 Standard & Poor’s has sent an early shot across India’s bow by downgrading its credit rating. Ironically, Moody’s had patted the country on the back as recently as last December. Undoubtedly, India needs to get its act together and improve its financial status. But what is disturbing is rating agencies’ hubris and often suspicious ways in which a nation’s performance is rated. Besides, rivalry between ratings agencies is frequently brought to the fore. It’s time such ambiguous ratings are disregarded in favour of disinterested observations. Standard & Poor’s has sent an early shot across India’s bow by downgrading its credit rating. Ironically, Moody’s had patted the country on the back as recently as last December. Undoubtedly, India needs to get its act together and improve its financial status. But what is disturbing is rating agencies’ hubris and often suspicious ways in which a nation’s performance is rated. Besides, rivalry between ratings agencies is frequently brought to the fore. It’s time such ambiguous ratings are disregarded in favour of disinterested observations.

]]>