Downgrading India, Inc. — Thanks UPA government for your sterling & consistent efforts!!!
In its April index for sovereign credit risk (BSRI), BlackRock, the largest wealth-fund manager in the world, put India in bottom 10 along with Greece & Portugal.
USA, UK & France join Russia as troubled economies.
Countries with “Worst Risk”:
39. India
40. Spain
41. Argentina
42. Hungary
43. Italy
44. Ireland
45. Venezuela
46. Egypt
47. Portugal
48. Greece
The BSRI assesses sovereign credit risk of 48 countries. using over 30 quantitative measures along its qualitative insights from 3rd-party sources. Data appears in 4 main categories with each counting toward a BSRI score & ranking. these include, “fiscal space” (40%), willingness to pay (30%), external finance position (20%) & financial sector health (10%).
Fiscal Space includes metrics like debt-to-GDP ratio, term structure of debts, tax revenues & dependency ratios. Willingness to pay measures perceptions governmental effectiveness & stability as well as corruption. External finance position includes foreign-currency debt exposure & current account balance. Financial sector health estimates vitality of local banking system.
