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BRICS Leaders Agree to Create Rating Agency

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India's Prime Minister Narendra Modi stated that the BRICS member states agreed to create rating agency, an agricultural research center and a railway network. 16.10.2016, Sputnik International

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BRICS Leaders Agree to Create Rating Agency

10:23 GMT 16.10.2016 (Updated: 10:33 GMT 16.10.2016)

Indian Prime Minister Narendra Modi seen here at Taj Exotica Goa hotel, India at the BRICS Summit restricted meeting - Sputnik International

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India's Prime Minister Narendra Modi stated that the BRICS member states agreed to create rating agency, an agricultural research center and a railway network.

GOA(Sputnik) — BRICS leaders have agreed on setting up the grouping's credit rating agency, India's Prime Minister Narendra Modi said on Saturday.

"We have agreed to quickly put in place the BRICS rating agency," Modi said at the conclusion of the plenary session.

He added that the BRICS member states had also agreed to create an agricultural research center and a railway network.