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Moody’s upgrades outlook on India to stable

A general view shows Champhai town in India’s northeastern state of Mizoram near the India-Myanmar border March 9, 2021. Ratings agency Moody’s Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia’s third largest economy and its financial institutions have reduced. Moody’s affirmed India’s sovereign credit rating at Baa3. "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," the agency said in a note. Moody’s said India’s decision to keep the financial institutions […]

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