Moody’s Says India Can Handle Modest Fiscal Slippage This Year

Moody’s Says India Can Handle Modest Fiscal Slippage This Year India can withstand a potentially wider-than-forecast fiscal deficit this year without jeopardizing its investment-grade rating, according to Moody’s Ratings, as higher energy prices are expected to pose only temporary budget pressures. “We don’t see India as being particularly affected because this shock is largely negative for most sovereigns,” Christian de Guzman, Singapore-based senior vice president at Moody’s Ratings, said in an interview.