Government has dismissed reports on Moody's Analysis published in a section of media as irresponsible and distorted. <br/><br/>In a statement, Information and Broadcasting Ministry regretted that the personal opinion of a Junior Associate Economist employed with Moody's Analytics was passed off as a commentary on India by a Rating Agency by the media to buttress the narrative it wants to portray. <br/><br/>It said, the 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.<br/><br/>The Ministry expressed surprise over the fact that no due diligence was done and the readers were not informed about the difference between Moody's Analytics and Moody's Investor Services. <br/><br/>It said, such episodes seriously hamper the credibility of the media, while spreading misinformation among the masses. The report had on last week said that Prime Minister Narendra Modi must keep BJP members in check or risk losing domestic and global credibility.
News On AIR | November 4, 2015 8:28 PM
Govt dismisses Moody's report, calls it opinion of junior analyst