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India Outlook Raised by Moody’s While Fitch Sees Faster Growth

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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.