Page 2 - Moody's Upgrade
Moody's boost to Modi: Should India really cheer?
India's rating upgrade still retains its credit risk as moderate and obliges it to remain fiscally prudent, usher in more reforms and be wary of external shocks
 "Moody's boost to Modi: Should India really cheer?")
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
 "Despite latest Moody's upgrade, India's rating not as good as in 1980s")
Moody's upgrade: CEA Arvind Subramanian hopes other agencies follow suit
Top government officials today hailed the rating upgrade by Moody's as "long overdue" and hoped others such as S&P and Fitch will follow suit as it presses ahead with steps to ratchet up growth. The US-based Moody's today upgraded India's sovereign rating after 13 years to Baa2 with a stable outlook, from Baa3 earlier. "It's a welcome development, but we also feel it was long overdue... it's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said. The government, he said, "is going to do what it has to do on domestic front -- employment growth, economic growth, reviving investment," he told reporters here. Asked if he expects other agencies like S&P and Fitch to upgrade, he said: "Let's hope they are not inconsistent amongst each other." Subramanian had earlier observed that rating agencies follow inconsistent policies while rating ..
 "Moody's upgrade: CEA Arvind Subramanian hopes other agencies follow suit")
