 "Moody's, Moodys")
Moody's cuts India outlook to negative, predicts 'prolonged slower growth'
India’s credit rating outlook was cut to negative by Moody’s Investors Service, marking the first step towards a downgrade. The global rating took this decision over concerns about the economy slowdown, which it said will be prolonged and debt will rise. Moody’s projects a budget deficit of 3.7% of gross domestic product in the year through March 2020, a breach of the government’s target of 3.3%, as slower growth and a surprise corporate-tax cut curbs revenue.
Q2 results of Mahindra and Mahindra and GAIL
