Discover and read the best of Twitter Threads about #ecosurvey2021

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As India pitches for ratings upgrade, reminding @SPGlobalRatings @MoodysInvSvc @FitchRatings @DBRSMorningstar using evidence from #EcoSurvey2021 why India's sovereign rating must be upgraded several notches🧵1/20
For details, see indiabudget.gov.in/budget2021-22/…
business-standard.com/economy/news/i… twitter.com/i/web/status/1…
1. 5th largest eco has never been ranked as low as India is👇
Rating=Probability of Default =f(Ability2Repay + Intent2Repay)
GDP best reflects Ability2Repay=> ratings criteria used by @SPGlobalRatings @MoodysInvSvc @FitchRatings @DBRSMorningstar is conceptually FLAWED. 2/20 Image
2. Rating=Probability of Default =f(Ability2Repay + Intent2Repay)
As forex reserves r used to repay external (i.e. foreign currency) debt & short-term debt is repayable over 1-yr, short-term external debt as % of reserves capture Ability2Repay.
India is CLEAR +ve outlier👇3/20 Image
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