India's creditworthiness rating in the crisis fell from AAA to:
ABB plus
BAA plus
CCCC low
DDefault
Answer & Solution
Correct answer: A. BB plus
1. International lenders lost confidence.
2. The rating dropped to BB plus.
3. India neared default on obligations.
_Source: syllabus Business Studies, Chapter 3, Business Environment._
Keep practising Indian Economy
Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.