Press Information Bureau
Government Of India
Ministry of Information & Broadcasting
(04-November, 2015 18:35 IST )

Incorrect news reports on Moody’s Analysis



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 Moody’s Analytics.

It is surprising that sections of the Indian media failed to make a distinction between Moody’s Analytics which is merely a data and analytics firm and Moody’s 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 Moody’s Analytics and Moody’s Investor Services. Opinion of a Junior Associate Economist employed with Moody’s Analytics has been splashed all across implying it as the opinion of Moody’s Analytics.

The Government notes with distress that the personal opinion of a junior analyst was passed off as a commentary on India by a Rating Agency by the media to buttress the narrative it wants to portray.

The media has a great role in enriching our national discourse, and such episodes seriously hamper its credibility, while spreading misinformation among the masses.

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(Release ID :130214)



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