Modi sarkar dismisses Moody's report, calls it opinion of junior analyst

November 05, 2015 08:11

The government dismissed a recent report quoted to Moodys Analytics, saying it was the personal opinion of a junior analyst which was passed off as a commentary on India by a rating agency by the media to buttress the narrative it wants to portray.

It is with regret the government of India notes the irresponsible and distorted reporting by certain sections of the Indian media on what was the personal opinion of a junior associate economist employed with Moodys Analytics, an official release said.

The report had on Friday said that Prime Minister Narendra Modi must keep BJP members in check or risk losing domestic and global credibility.

The release said, It is surprising that sections of the Indian media failed to make a distinction between Moodys Analytics which is merely a data and analytics firm and

Moodys Investor Services, which provides ratings services.

It is also surprising that no due diligence was done and the readers were not informed about the difference between Moodys Analytics and Moodys Investor Services.

The opinion of a junior associate economist employed with Moodys Analytics has been splashed all across implying it as the opinion of Moodys Analytics.

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