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Home: India develops Comparative Rating Index for Sovereigns to help global investors

India develops Comparative Rating Index for Sovereigns to help global investors

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NetIndian News Network
New Delhi, January 31, 2012
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India's Finance Ministry today said it had developed a "Comparative Rating Index for Sovereigns" (CRIS) that seeks to compare the sovereign ratings of nations to help global investors make decisions where to put their money.

"Major credit rating agencies give out the sovereign credit rating of each nation as an absolute grade. How other nations fare does not matter in a particular nation’s rating score. This is very different from a comparative rating," a statement from the Ministry said.
 
"When an investor searches across nations for a place to put her money, the relative rating of nations is important. If nation i’s rating remaining the same, other nations’ ratings improve over time, there may well be a case to invest less in nation i," it said.

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