India among large emerging mkt sovereigns to have highest debt burden by 2021: Moody's

10:30:00 PM, Tuesday 1st of September 2020 | in business

Moody's Investors Service on Tuesday said India will be among the large emerging market sovereigns to have highest debt burden by 2021. The coronavirus pandemic-induced deterioration in growth and fiscal dynamics will leave most large emerging market sovereigns with higher debt burdens over the next few years, it said. The US-based rating agency said medium-term growth and fiscal challenges pose downside risks.