<h1>India's CRIS Index Ranks Sovereign Credit Ratings Using Moody's and IMF Data; India Moves Up, Europe Declines.</h1> The Finance Ministry of India has developed the Comparative Rating Index of Sovereigns (CRIS), a new index that evaluates sovereign credit ratings comparatively using Moody's ratings and GDP data from the IMF. This index ranks 101 economies over five years (2007-2011) to provide a relative investment attractiveness measure. India improved its CRIS score and ranking, moving from the fourth to the third quintile. European countries like Greece, Ireland, and Portugal saw significant declines in their CRIS scores. In contrast, countries like China, Brazil, and South Africa showed improvements. The index highlights shifts in global economic standings based on relative performance.