Moody’s Investors Service on Wednesday reaffirmed the lowest investment grade rating—Baa3—for India with a positive outlook, holding that the reform efforts of the government were yet to accelerate private investment.
●    The rating update comes days after S&P Global Ratings kept its sovereign credit rating for India unchanged at the lowest investment grade—BBB- with a stable outlook—and ruled out an upgrade till 2017-end.
●    Brics is a grouping comprising Brazil, Russia, India, China and South Africa.
●    Moody’s upgraded India’s rating outlook to positive from stable in April 2015 to reflect continuous focus on reforms by the Narendra Modi government.
●    Moody’s lauded the government’s broad range of policy measures that are conducive to moderating inflation and limiting current account deficit. 
●    This assessment is also supported by higher rankings in the World Economic Forum Global Competitiveness Index and World Bank Worldwide Governance Indicators.
 

Read In Hindi (हिंदी)