The ratings agency criticized India's high government deficit and debt ratios, problems with inflation and decrepit infrastructure, among other issues. With heavy allocations to the country's financial services and energy sectors, EPI and INDY can ill afford Indian debt to be rated as junk. Shares of the WisdomTree India Earnings Fund (NYSE: EPI ), the largest India ETF by assets, traded higher by 1.1 percent Tuesday after Moody's Investors Service reiterated a stable outlook on India's sovereign debt rating.