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High forex reserves, low external debt supporting India's credit rating: Report
The Daily Guardian
|October 04, 2024
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said Ca- reEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
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Also, the BBB+ rating to India was based on the resilient post-pandemic rebound of the Indian economy and increased focus on infrastructure investment.
The rating agency's outlook also factors the projected lowering in the gen1 eral government debt, and continued focus on fiscal consolidation.
Diese Geschichte stammt aus der October 04, 2024-Ausgabe von The Daily Guardian.
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