9 Apr 2015
India's sovereign rating outlook upgraded to "positive" from "stable" – Moody’s
FXStreet (Mumbai) - International ratings agency Moody's upgraded India's sovereign rating outlook to "positive" from "stable" today, expecting the actions by policymakers to enhance the country's economic strength in the medium term.
In addition, Moody's confirmed its Baa3 rating on India. The ratings agency also mentioned India's structural advantages, supported by favorable liquidity conditions and economic diversity, will keep India's growth above its peers.
Moody’s said in a statement, “There is an increasing probability that actions by policymakers will enhance the country’s economic strength and, in turn, the
sovereign’s financial strength over coming years.”
“India has grown faster than similarly rated peers over the last decade due to favorable demographics, economic diversity, as well as high savings and investment rates.”
"India's policymakers are establishing a framework that will likely allow India's growth to continue to outperform that of its peers over medium term and improve India's macro-economic, infrastructure and institutional profile."
In addition, Moody's confirmed its Baa3 rating on India. The ratings agency also mentioned India's structural advantages, supported by favorable liquidity conditions and economic diversity, will keep India's growth above its peers.
Moody’s said in a statement, “There is an increasing probability that actions by policymakers will enhance the country’s economic strength and, in turn, the
sovereign’s financial strength over coming years.”
“India has grown faster than similarly rated peers over the last decade due to favorable demographics, economic diversity, as well as high savings and investment rates.”
"India's policymakers are establishing a framework that will likely allow India's growth to continue to outperform that of its peers over medium term and improve India's macro-economic, infrastructure and institutional profile."