India to see strong revenues, debt stabilisation: Moody's
The Free Press Journal|November 23, 2022
Says further improvement pace of fiscal consolidation with regard to fiscal situation and faster than expected would translate into a positive rating pressure on India
India to see strong revenues, debt stabilisation: Moody's

Moody's Investors Service on Tuesday said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation.

Moody's Investors Service Senior Vice President Christian de Guzman said India's 'Baa3' sovereign rating balances its strength of relatively high economic growth and weakness of one of the most highly indebted emerging market sovereigns. The country's healthy financial system is reflected in deleveraging by Indian corporates.

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