Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Moody’s Downgrades Indian Banks

…and the bank index fell nearly 3% yesterday.

Moody’s, which is a rating agency and therefore likely to be completely clueless, took the Indian banking system down from “stable” to “negative”, because they believe loan quality will suffer in the near future.

This doesn’t matter much, despite the one day reaction, because no one cares for ratings anyhow, and everyone knows Indian banks are likely to be a better bet than most European banks today.

In the evening, the . . .

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial