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.
India's strong external settings will act as a buffer against financial strains despite increased government funding needs in next 24 months, S&P Global Ratings stated.
The US-based rating agency said rising demand and falling infection rates in India have led to revision of the real GDP growth from the negative 9% growth previously.
The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
COMMENTS