Moody’s Keeps India’s Rating Stable: What It Means for the Economy
Sovereign credit ratings are important sign that the world watches closely. Global rating agencies such as Moody’s affirms or changes its view on a country, it shows how market participants consider the country risk, how confident businesses and foreign investors will feel and how expensive it is for the government to borrow. In previous weeks, India’s long-term sovereign rating of Baa3 was reaffirmed by Moody’s. It invites a deeper look: why Moody’s chose the stable outlook, what does this affirmation mean and what strengths and weaknesses it sees in India.