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Moody’s Downgrade Signals Global Fiscal Credibility Crisis

Moody’s Downgrade Signals Global Fiscal Credibility Crisis Why in the News? Moody’s, a leading credit rating agency, downgraded the US credit rating on May 16, signaling deep concerns over unsustainable fiscal deficits. This Moody’s news, which has become significant credit rating agency news, reflects a shift in global confidence, despite calm market reactions. For India, …

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