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    Chinese conspiracy behind Moody's India's economy rating: BJP MP

    Jun 01, 2020 22:29 IST

    BJP MP Nishikant Dubey has urged Prime Minister Narendra Modi to take immediate action against global rating agencies Moody's, Fitch and S&P, alleging that they are "trying to destabilise" India's economy as part of a ‘Chinese conspiracy’. Though these rating agencies are based in the US, "China has invested in these firms for its strategic interest", he said in a letter to the prime minister on May 31. The MP said these rating agencies act and behave like God and treat our country as a third-grade country. Incidentally, Moody's on Monday downgraded India's sovereign rating to 'Baa3' from 'Baa2'.