Is India’s credit rating lower than it should be? Here’s a four-point agenda to send it on an upward path
· livemint.com
An in-depth study of what global rating agencies examine in their assessment could guide an approach to debt management that would help deliver upgrades over time. This matters—a better rating would help lower the cost of capital in India.
The third finding is most striking. Two countries with identical debt and fiscal plans can have their ratings differ widely. On an 11-point scale, the study put...