Source: Indian Express Sovereign Ratings are about the creditw | ECONOMY by VIVEK SINGH

Source: Indian Express
Sovereign Ratings are about the creditworthiness of the governments (ability and willingness to payback the debt) but it also matters for the businesses in that country. If the sovereign rating of the government of a country is low, then while borrowing from global investors, the government will have to pay higher interest rate and the interest rate will be higher for businesses also.

Those who are appearing for interview should read the entire article but otherwise students can focus just on the first column.

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