Moody's affirms India's sovereign ratings, retains 'stable' outlook

Moody's Ratings on Monday has affirmed India's long-term local and foreign-currency sovereign ratings and retained its "stable" outlook, citing sustained strength in its economy and reliable domestic funding for its budget deficits.

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India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remain at Baa3. The other short-term local-currency rating stands at P-3, it said.