Moody Current Affairs, GK & News

World Bank’s World Governance Indicators (WGI)

According to a presentation prepared in 2020, by the then Principal Economic Advisor in the Ministry of Finance, Sanjeev Sanyal, inputs that go into the making of the World Bank’s World Governance Indicators (WGI) are arbitrary. What is the presentation about? A presentation titled— “Subjective Factors that impact India’s Sovereign Ratings: What can we do ..

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Downgrade in Russia’s Ratings

Following severe sanctions implemented on Russia by the western countries, Moody’s and Fitch downgraded the country’s sovereign rating to ‘junk’ grade. Overview: Russia’s long-term issuer and senior unsecured (local and foreign-currency) debt ratings have been downgraded to ‘B3′ from ‘Baa3’ by Moody’s Investors Service. Fitch meanwhile has downgraded Russia’s rating to ‘B’ from ‘BBB’, putting ..

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