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CareEdge Global IFSC, a subsidiary of CARE Ratings, has assigned a BBB+ rating to India, reflecting the country’s strong post-pandemic recovery and its focus on infrastructure investments. CareEdge Global’s assessment highlights India’s resilient economic performance, projecting GDP growth in the range of 6.5-7 per cent in the coming years.
According to it, India’s general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to 73.5 per cent by FY35, driven by healthy nominal GDP growth. However, it noted that India’s elevated government debt levels and weak debt affordability remain key credit constraints. Further, CareEdge Global IFSC has launched its Sovereign Ratings for 39 countries, marking its entry into the Global Scale Ratings space. According to it, with this launch, it has become the first Indian credit rating agency to assess global economies, providing long-term foreign currency (LTFC) ratings.
Mehul Pandya, Managing Director & Group CEO of CareEdge, said, ‘This is a significant milestone for us in our journey towards becoming a global knowledge-based institution. As India’s economic influence grows, it is both timely and appropriate for an Indian company to enter this domain.’ Further, he said, ‘We are convinced that it is very important to have transparency in methodology of sovereign ratings, particularly in assessing the growth potential and investment needs of economies. This reflects in the ratings assigned by us.’
In addition to India, CareEdge Global has assigned ratings to 38 other countries. Top-rated countries include Germany, the Netherlands, Singapore, and Sweden, all rated AAA. Other highly rated nations include Australia, Canada, and the USA with AA+ ratings. Several other major economies like France, Japan, and the UK received AA- ratings, while China was assigned an A rating. The BBB+ rating category, where India stands, also includes countries like Botswana and the Philippines.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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