BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Baa2
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Baa3
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AAA
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Baa1
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Detailed explanation-1: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings-Hong Kong-20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-2: -Baa2. The ninth highest rating in Moody’s Long-term Corporate Obligation Rating. Obligations rated Baa2 are subject to moderate credit risk. They are considered medium grade and as such may possess certain speculative characteristics. Rating one notch higher is Baa1.
Detailed explanation-3: -Moody’s said it now expects India’s GDP growth to slow to 7% in 2022 – versus its previous estimate of 7.7% – and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024.
Detailed explanation-4: -As per the release, India’s sovereign ratings has been retained by Moody’s at Baa3 with a stable outlook.