Press "Enter" to skip to content

Moody’s upgrades India’s rating outlook to stable from negative

‘An economic recovery is underway with activity picking up and broadening across sectors,’ Moody’s said Moody’s Investors Service on Tuesday changed the outlook on India’s sovereign ratings to stable from negative. However, it retained the ratings, both of foreign and domestic currencies, at the lowest investment grade. "The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding. An economic recovery is underway with activity picking up and broadening across sectors," said Moody’s. With this, two ratings agencies — Moody’s and Standard & […]

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *