For Quick Alerts
For Daily Alerts

India's credit rating at risk from food inflation: Moody's

By Religare

High food inflation in India, which drove the Consumer Price Index (CPI) to nearly 11 per cent in February, is posing risks for the country's sovereign ratings via weakening macroeconomic indicators, said rating agency Moody's on Monday.

Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February on account of higher prices of vegetables, edible oil, cereals and protein-based items.

Another rating agency CARE had recently said that CPI inflation is expected to remain at higher levels following sustained pressure from food side.


Besides, Moody's is the only rating agency which has maintained a "stable" outlook on India while Fitch and S&P downgraded it to "negative" last year.

Read more about: moodys
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more