Market Update - Nov 2017
It’s the first time in 14 years that India’s credit rating has been upgraded by an international agency of repute. Moody’s upgraded India’s sovereign rating from the lowest investment grade of Baa3 to Baa2. It has also changed the outlook from stable to positive. It is on the expectation that continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential. A rating upgrade for India …
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