Rating analyses by global agencies, like Fitch, S&P & Moody’s, have faced flak for opacity of methods, over-reliance on perception. The space often witnesses ‘convergence’ of methodologies.
With agencies sticking to their methodology in these times, an emerging economy rating and outlook appear to be worse regardless of whether its government is fiscally prudent or not.
Sukhu will defer half his own pay for six months; Group C, D employees and pensioners are fully exempt; Opposition calls it a budget that 'has gone backwards'.
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