 "William Foster, Vice-President, Moody’s Investors Service")
In the midst of the debate that an additional Rs 500 billion borrowing by the Centre would widen its fiscal deficit, Moody’s Investors Service Vice-President (Sovereign Risk Group) William Foster tells Indivjal Dhasmana that the government’s plan to mop up more funds had been reckoned on in the rating agency’s assessment of the country when it upgraded its grade by a notch. Edited excerpts:
You recently upgraded India's sovereign rating by a notch. How will it be affected by the government's announcement of an additional borrowing of Rs 500 billion?
The government’s additional borrowing has been reflected in our forecast of a
