Get back at the likes of Moody's

The Big 3 ratings firms have always got it wrong, and their take on SBI is no exception. India should tap global markets as a rebuff to Moody's. The mayhem in the Indian markets, following Moody's downgrade of the State Bank of India's (SBI) stand-alone rating from ‘C-‘ to ‘D+' on Tuesday, is a clear case of massive over-reaction.

Read Full Story>>