Moody’s upgrades India’s rating outlook to ‘stable’ from ‘negative’

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.
• Moody’s expects India’s GDP for financial year 2021-22 (FY22) at 9.3%, followed by 7.9% in FY23 (2022-23).

Source: The Hindu

Points to Remember:

1. India’s rating outlook as per Moody’s – Stable
2. India’s sovereign rating as per Moody’s – Baa3
3. Estimated Gdp growth of India in FY22 as per Moody’s- 9.3%
4. Estimated Gdp growth of India in FY23 as per Moody’s- 7.9%