Business Standard

Moody's upgrades India's rating outlook to 'stable' from 'negative'

Retains lowest investment grade rating

Moody’s
Premium

'An economic recovery is underway with activity picking up and broadening across sectors,' Moody's said

Indivjal DhasmanaShrimi Choudhury New Delhi
Moody's Investors Service on Tuesday changed its outlook on India's sovereign ratings to stable from negative. However, it retained the ratings, both on foreign and domestic currencies, at the lowest investment grade. Experts said this would have a beneficial impact on debt allocations by foreign portfolio investors (FPIs) to Indian papers.

"The decision to change the outlook to stable reflects Moody's view that the downside risks from negative feedback between the real economy and financial system are receding," said the ratings agency.

Now, Moody's and Standard & Poor's have a stable outlook on their ratings on India, while Fitch still

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 05 2021 | 6:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com