So the growth in the bank credit is not going to corporates, manufacturing or infrastructure sector. It is actually going to the individuals which is actually getting leveraged. So I do not see this as a very strong growth indicator.
Moody’s strips U.S. government of top credit rating, citing Washington’s failure to rein in debt
Moody’s Ratings has downgraded the U.S. government’s credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This decision makes Moody’s