ICRA Aktie
WKN DE: A1CVQ5 / ISIN: INE725G01011
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20.09.2016 08:30:00
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Moody's & ICRA: India's step-wise reforms set in motion, but weak investment and banking risk may act as speedbreakers
Singapore, September 20, 2016 -- Moody's Investors Service says that the credit implications of India's (Baa3 positive) reforms will materialise in the medium term, fostering a more stable macroeconomic environment conducive to fiscal consolidation. In the nearer term, challenging budget targets could lead to significant spending cuts late in the fiscal year, especially since in the first four months of the fiscal year, 74% of the whole year's budget target has already been reached.
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