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Friday, 17 November 2017

Moody's Upgrades India's Sovereign Rating for First Time in 14 Years


International rating agency Moody's Investors Service has upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. 

Moody’s has revised the sovereign rating of India a notch above investment grade after a long gap of 14 years. Moody's has also upgraded India's local currency senior unsecured rating to Baa2 from Baa3 and its short-term local currency rating to P-2 from P-3.

News In-a-Line:
Moody's Investors Service- upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 - changed the outlook on the rating to stable from positive.

Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
  1. Moodys Analytics President- Mark Almeida, Headquarters- USA.
Source- The Economic Times

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