Moody's rates India Baa3; outlook stable

Global rating agency Moody's on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at ‘Baa3’ with a ‘stable’ outlook on the back of robust economic growth and sound external position.

- Press Trust of Indi

Moody's also affirmed India's other short-term local-currency rating at P-3.

(AFP)

Moody’s also affirmed India’s other short-term local-currency rating at P-3.

“The rating affirmation and stable outlook reflect our view that India’s prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits will be sustained,” it said in a statement.

These strengths lend resilience to adverse external trends, in particular as high US (Aal stable) tariffs and other international policy measures hinder India’s capacity to attract manufacturing investment, it said.