Moody's Upgrades India's Sovereign Rating for First Time in 14 Years
Posted on:17 Nov 2017 11:51:00
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17 November 2017 Current Affairs: The International rating agency Moody's Investors Service upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.
Moody’s has revised the sovereign rating of India a notch above investment grade after a long gap of 14 years. Moody's has also upgraded India's local currency senior unsecured rating to Baa2 from Baa3 and its short-term local currency rating to P-2 from P-3.
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