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Moody’s Won’t Raise India Rating Without Improved State Finance

By Bloomberg News

Nov. 10 (Bloomberg) -- India’s soverign rating won’t be raised without improvement in government finance, Tom Byrne, Moody’s Investors Service senior vice president, said in Shanghai today. “Unless we see some hope for signs of improvement in government finance, India’s rating won’t be raised,” Byrne said in an interview. “We don’t see that yet.”

To contact the reporter on this story: Judy Chen in Shanghai at xchen45@bloomberg.net

Last Updated: November 9, 2009 21:44 EST

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