Moody's milder on India than S&P, Fitch

Moody's upgrades India's sovereign bond rating for first time in 14 years

Moody’s Investors Service, which upgraded India’s rating by a notch after almost 14 years, has been more liberal over recent years in terms of rating the country’s ability to service debt, compared to peers Fitch and Standard & Poor’s.

In 2013, when India was struggling with the ‘twin deficit’ problem — of the current account and fiscal deficit — and high debt, Moody’s maintained a ‘stable’ outlook for the country. S&P and Fitch awarded a ‘negative’ outlook, increasing the chance of a ratings downgrade to ‘junk’ status.

Moody’s had then counted India's potential Gross Domestic Product (GDP) growth, robust savings