Aug 02, 2022

Moody’s downgrades India’s ratings to Baa3, maintains negative outlook

Moody’s Investors Service (“Moody’s”) today downgraded India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. It also downgraded India’s local-currency senior unsecured rating to Baa3 from Baa2 and its short-term local-currency rating to P-3 from P-2. The outlook remains negative, Moody’s said in its release.

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