Moody's raises Indias credit rating outlook to positive
The Dollar Business Bureau Moody's Investors Service has on Thursday, affirmed the Government of India's credit rating outlook to ‘positive’ from ‘stable’. Moody's decision to revise the ratings is based on its view that there is an increasing probability that actions by policy makers will enhance the country's economic strength and, in turn, the sovereign's financial strength over coming years. India has grown faster than similarly rated peers over the last decade due to favourable demographics, economic diversity, as well as high savings and investment rates. Moody's expects these structural advantages, supported by relatively benign global commodity prices and liquidity conditions, will keep India's growth higher than that of its peers over the rating horizon. However, recurrent inflationary pressures, ...
