New Delhi Nov 18 (IANS) Congress leader Kapil Sibal on Saturday said the upgradation of India s rating by US credit rating agency Moody s was not in sync with the "mood of the people".
"Contrast the mood at Moody s with the mood of the people. While you bask under their upgrade worry about livelihood millions have lost " Sibal said in a tweet.
"Moody talks about sunshine tomorrow. We are worried about the dark clouds today " he said.
US credit rating agency Moody s on Friday upgraded India s sovereign rating to Baa2 from its lowest investment grade of Baa3 after 13 years.
Maintaining that the upgrading was based on New Delhi s "wide-ranging programme of economic and institutional reforms" Moody s simultaneously changed the outlook for the country s rating to stable from positive and upgraded India s local and foreign currency issuer rating to Baa2 from Baa3.
--IANS
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