CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the research report of India Ratings and Research (Ind-Ra), Centre’s fiscal deficit is estimated to increase to how much in FY21?

A	4.6%
B	2.6%
C	5.6%
D	7.6%

Explanation:

Detailed explanation-1: -Ind-Ra Rating Scale for Long Term Issuer Ratings Debt exposures to such issuers carry lowest credit risk. Issuers with this rating are considered to have high degree of safety regarding timely servicing of debt obligations. Debt exposures to such issuers carry very low credit risk.

Detailed explanation-2: -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-3: -Arvind SmartSpaces (ASSL) said that India Ratings and Research has affirmed the company’s long-term rating at ‘IND A’ and the outlook on the same is ‘positive’.

Detailed explanation-4: -CRISIL Ratings has assigned its ‘CRISIL AA+/Stable’ rating to the corporate credit facility of Samvardhana Motherson International Limited (SAMIL; formerly Motherson Sumi Systems Limited (erstwhile MSSL)). CRISIL Ratings has also reaffirmed its ‘CRISIL AA+/Stable/CRISIL A1+’ ratings on the bank loan facilities.

There is 1 question to complete.