Moody’s Investors Service has affirmed India’s long-term sovereign credit ratings in both local and foreign currencies, keeping its outlook “stable.”
The agency stated that long-term bond issuer ratings in both currencies, along with the rating for unsecured local-currency bonds, remain at Baa3, while short-term local-currency debt stays at P-3.
Moody’s noted that the stable outlook reflects India’s strengths, including its large and fast-growing economy, strong foreign reserves, and reliable domestic financing of the budget deficit.
