Moody's upgrades India outlook from negative to stable
Business Standard|October 06, 2021
Retains lowest investment grade rating
INDIVJAL DHASMANA & SHRIMI CHOUDHURY

Moody's Investors Service on Tuesday changed its outlook on IV from negative. However, it India's sovereign ratings to stable retained the ratings, both on foreign and domestic currencies, at the lowest investment grade. Experts said this would have a beneficial impact on debt allocations by foreign portfolio investors (FPIs) to Indian papers.

"The decision to change the outlook to stable reflects Moody's view that the downside risks from negative feedback between the real economy and financial system are receding," said the ratings agency. Now, Moody's and Standard & Poor's have a stable outlook on their ratings on India, while Fitch still has a negative outlook. All three rating agencies have given India the lowest investment grade.

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