Comparative sovereign ratings index
Investment prospects in India have improved in the past five years as per CRIS, a new index developed by the Finance Ministry for comparison of various countries' sovereign ratings using Moody's ratings……India's rank in terms of CRIS moved up from 61st position in 2007 to 55th in 2011. The improved score is partly due to the decline in scores of some European nations, leading to deterioration of the world average by over 4.8%......The index is based on the ratings of global agency Moody's and data on the GDPs of 101 nations given by the IMF. Going forward, the ratings of other major rating agencies like S&P and Fitch might be used for CRIS.
