 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Stock market is likely to ignore Moody's credit ratings downgrade as the equities always discount future in advance while the rating agencies' assessment is based on the past - events that have already happened, say market experts. The worst for the Indian economy is on the verge of getting over with good monsoon, encouraging corporate results, and likely robust FDI inflow in place. Hence, there is no need to panic, they assure.
India’s credit ratings outlook was cut to negative by Moody’s Investors Service on Friday, the first step toward a downgrade, as concerns mount the economic slowdown will be
