Moody's warns of potential credit downgrade for the United States due to political dysfunction, raising concerns over borrowing costs and overall economic impact.
Moody's warns of potential downgrade risk for US credit rating. Rising debt levels and political polarization pose challenges for consensus on a fiscal plan.
Moody's predicts India's economy will grow by 6-6.3% in Q1 of this year but warns of fiscal slippage risks due to weaker government revenues. Despite the country's high general government debt, Moody's notes strengths in their sound external position and stable domestic financing base. They project growth for the 2023-24 and 2024-25 fiscal years at 6.1% and 6.3%, respectively. All three global rating agencies have India at the lowest investment grade rating but with a stable outlook.