Moody upgrades Sovereign Credit Rating of India to Baa2 from Baa3

Moodys Investors Service (Moodys) has upgraded the Government of Indias local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Indias rating has been upgraded after a period of 13 years. Indias sovereign credit rating was last upgraded in January 2004 to Baa3 (from Ba1). Government of India welcomes the upgrade and believes, as rightly noted by the Moodys that this is in recognition of major economic and institutional reforms

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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