Moody’s rates India’s sovereign credit outlook stable

June 28th, 2012Comment

Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable.
As per the agency a slowdown in growth and investment is expected to be transitory.
As per its report, certain recent negative trends, lower growth, sluggish investment and poor business sentiments are unlikely to become permanent or even medium term features of the Indian economy.
The company rated India’s long term foreign currency and local currency debt at Baa-3, the lowest grade.
Moody’s opinion is opposite to Fitch Ratings and Standard and Poor which have downgraded credit outlooks for India to negative from stable.