Economic Updates for Sept 2020
Very interesting insights were shared by Nilesh Shah from Kotak Mutual Fund via the Monthly Update. I am sharing some nuggets out of the overall insights are in this thread. This blog note is an extract from our twitter handle @banyanfa
It is happening again. In 2012, we had Fitch downgrading its India’s rating outlook to Negative. In 2020, we now have Moody’s downgrading its rating from Baa2 to Baa3. What would would this mean? This post aims to demystify the importance and actions of Rating agencies.