MOODY’S AFFIRMS INDIA’S RATINGS

Maintains ‘stable’ outlook

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Global rating 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.

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