Moody’s upgrades India’s rating outlook to ‘stable’ from ‘negative’
Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’ , on October 05, 2021, following an improvement in the financial sector and faster-than-expected economic recovery across sectors. However, Moody’s had retained India’s sovereign rating at Baa3. “Following a deep contraction of 7.3% in fiscal 2020 (ending March 2021), Moody’s expects India’s real GDP to surpass […]
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