Moody’s affirms ‘BAA3’ rating on India despite Centre’s pitch for upgrade - Business Today

Moody's has affirmed India's 'BAA3' rating with a stable outlook, citing the country's long-term local and foreign-currency sovereign ratings. However, it noted that India's high debt burden and weak debt affordability continue to pose challenges. The rating also reflects concerns about curtailed civil society, political dissent, and rising domestic political risk. Moody's believes India's economy will continue to grow, but potential growth has decreased in the past decade. The report also mentions positive factors such as improvements in the financial sector, logistics, trade infrastructure, and digital public infrastructure.

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