Moody’s Upgrades India’s Rating For The First Time Since 2004, BJP Praises Modi Government

Moody’s Upgrades India’s Rating For The First Time Since 2004, BJP Praises Modi Government

For the first time in more than a decade, Moody’s Investors Service has upgraded India’s sovereign rating. In what is being called a big rise with India moment, Moody’s ratings have been upgraded citing continued progress in the nation’s economic and institutional reforms.

“The decision to upgrade the ratings is underpinned by Moody’s expectation that continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term,” said a statement from Moody’s Investors Service. Read More…

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