Tag: moody s

NEW DELHI: Global ratings agency Moody's Investors Service on Friday affirmed India's sovereign rating at Baa3 and retained the outlook as stable, citing the country's strong growth and strengthening financial sector. The agency said that the Baa3 rating and stable outlook take into account a curtailment of civil society and political dissent, compounded by rising domestic political risk."The affirmation and stable outlook are driven by Moody's view that India's economy is likely to continue to grow rapidly by international standards, although potential growth has come down in the...