Report part of economic outlook series: Moodys Analytics

New Delhi, Nov 5 (PTI) Moodys Analytics today stood by its report that had asked Prime Minister Narendra Modi to keep BJP members in check or risk losing global credibility and said it was part of its economic outlook series, a day after the government had berated it. "The report was published by and is the view of Moodys Analytics as part of its economic outlook series," a Moodys Analytics spokesperson said in an emailed statement. "The report included a section observing political developments in the context of their potential economic impact, and did not advocate any political agenda or perspective," he added. The Government had yesterday issued a statement dismissing report of Moodys Analytics, published last Friday, saying it was the personal opinion of a junior analyst which was passed off as a commentary on India by a rating agency "by the media to buttress the narrative it wants to portray". The strongly worded statement by the government had further said that "it is surprising that sections of the Indian media failed to make a distinction between Moodys Analytics which is merely a data and analytics firm and Moodys Investor Services, which provides ratings services." In the same breath, it said that "Opinion of a Junior Associate Economist employed with Moodys Analytics has been splashed all across implying it as the opinion of Moodys Analytics." Moodys Analytics said it "provides economic research and analysis and is a separate company from Moodys Investors Service, the ratings agency."

The October 29 report titled Dismal Scientist - India outlook: Searching for Potential authored by Faraz Syed, Associate Economist of Moodys Analytics, had stated that "While Modi has largely distanced himself from the nationalist jibes, the belligerent provocation of various Indian minorities has raised ethnic tensions. "Along with a possible increase in violence, the government will face stiffer opposition in the upper house as debate turns away from economic policy. Modi must keep his members in check or risk losing domestic and global credibility." While releasing the report on Friday, the firm had said that "if sourcing or referencing any contents from this publication, please quote Moodys Analytics". PTI JD ANZ BJ VSC