A credit rating agency's decision might impact the indian economy. C r as has one job, to decide whether a company will default on money it has borrowed. When a c ar a is unwilling to change a rating, but believes there's more optimism on the financial front, it tweaks the outlook. The lower youre rating, the higher your cost of borrowing.
In today’s episode for 11th October 2021, we explain how a credit rating agency’s decision might impact the Indian economy