No Immediate Upgrade of India's Sovereign Rating: Moody's

MOODY'S RATINGS HAS ruled out an immediate upgrade of India's sovereign rating, despite the government's efforts to manage its finances prudently and the proposal to reduce fiscal deficit to 4.4% of GDP in FY26 in the Budget.

- PRESS TRUST OF INDIA

"While we view the government's sustained fiscal discipline and narrower fiscal deficits as credit positive, we don't expect these improvements in the debt burden or 'debt affordability' to be enough to trigger a sovereign rating upgr