Andy Mukherjee, Columnist

Modi's Early Christmas Gift

The ringing ratings endorsement ahead of a crucial state poll is a gift.

November 17, 2017 at 5:40 AM UTC

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

1510897447_GettyImages-521869518 — Photographer: Samir Jana/Getty Images

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If he doesn't already, Narendra Modi should start believing in Santa Claus.

For the Indian prime minister, whose party faces an important poll in Modi's home state next month, the one-notch rating bump to Baa2 by Moody's Investors Service is an early Christmas present.