Moody’s rates India’s sovereign credit outlook stable

  • 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.

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