India Outlook Raised by Moody’s While Fitch Sees Faster Growth
This article is for subscribers only.
India’s credit rating outlook was raised to positive by Moody’s Investors Service and Fitch Ratings boosted its growth forecast, signaling optimism that policy makers can improve Asia’s No. 3 economy.
The country’s Baa3 rating was affirmed and the outlook was revised from stable, Moody’s said in a statement Thursday in Singapore. Fitch affirmed India’s BBB- rating with a stable outlook. Both companies rate India at the lowest investment grade, on par with Indonesia and Turkey.