---
title: Moody downgrading
date: "2001-08-10T12:00:00Z"
categories:
  - links
wp_id: 1712
description: I argue that the Moody's and S&P credit downgrades will trigger a further economic slowdown in India, suggesting that interest rate cuts won't be enough to counteract the negative impact of these sovereign rating changes.
keywords: [moody's, standard & poor's, india, credit ratings, economic slowdown, interest rates]
---

If nothing else, the [Moody downgrading](http://timesofindia.indiatimes.com/articleshow.asp?art_id=677308639) and [S & P downgrading](http://www.sandp.com/RatingsActions/RatingsNews/Sovereigns/Articles/080701_india.html) mean a further slowdown in India, despite any rate cuts.