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Despite latest Moody's upgrade, India's rating not as good as in 1980s

Business Standard takes a look at rating grades Moody's has assigned India over the years

Indivjal Dhasmana  |  New Delhi 

Moody's

Global rating agency Moody’s on Friday upgraded India’s by a notch to Baa2. This is the best for the country in the recent past, but India's sovereign ratings in late 1980s and 1990 were higher. The economy had a rating of A2 in 1988 which was downgraded by two notches to Baa1 in 1990. However, the rating in 1990 was still a notch higher than now.

 

First Published: Fri, November 17 2017. 13:13 IST
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