2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CC-
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CCC-
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BB-
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BBB-
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Detailed explanation-1: -S&P has retained its sovereign rating for India at the lowest investment grade of “BBB-” for 15 years now. Its outlook for the country remains “stable”. WEF Davos 2023: What can we expect in the field of climate & energy sectors?
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.
Detailed explanation-3: -S&P Global lowers Pakistan’s rating to ‘CCC+/C’ Pakistan’s already low foreign exchange reserves will remain under pressure through 2023 unless oil prices slump or foreign assistance improves, the agency said. The country also faces elevated political risks which may affect its policy trajectory over the next year.