Moody’s affirms India’s sovereign rating at ‘Baa3’ with stable outlook

Moody’s Ratings on Monday affirmed India’s sovereign rating at ‘Baa3’ with outlook stable. This is last investment grade rating by the agency which helps investors to take a decision and also impact borrowing from overseas.

Earlier, S&P Global, Morningstar, DBRS, and Japanese credit ratings agency R&I had upgraded India’s rating to ‘BBB’ from ‘BBB-‘.

“The rating affirmation and stable outlook reflect our view that India’s prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits will be sustained,” Moody’s said in a statement. Further, these strengths lend resilience to adverse external trends, in particular, as high US tariffs and other international policy measures hinder India‘s capaci