Team Blitz India
NEW DELHI: Moody’s Investors Service on August 18 affirmed itsBaa3 rating on India and maintained the stable outlook, but warned of political issues and even cited the example of the ongoing violence in Manipur.
“The curtailment of civil society and political dissent, compounded by rising sectarian tensions, support a weaker assessment of political risk and the quality of institutions,” Moody’s said in a statement.
“Although elevated political polarisation is unlikely to lead to a material destabilisation of Government, rising domestic political tensions suggest an ongoing risk of populist policies—including at the regional and local government levels,” the Moody’s statement added,
