What did Moody's do to India's rating during his tenure?
Upgraded
Maintained
Withdrew
Downgraded
Answer
Moody's downgraded India's sovereign credit rating during his tenure from Baa3 to Baa2 with a negative outlook, citing concerns about the country's fiscal deficit, high public debt, and weak banking sector. This was the first time in more than a decade that Moody's had downgraded India's rating, and it was seen as a major setback for the country's economy.
Chandra Shekhar: Behind the Legacy - Test Your Knowledge about India's 8th Prime Minister
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