Moody’s improves India’s rating outlook to stable from negative
Economic recovery is underway with activity picking up and improving across sectors, said Moody.
On Tuesday, Moody’s investor's service changed its outlook on India's sovereign ratings to stable from negative. It retained the ratings both on foreign and domestic currencies at the lowest investment grade. Experts told this would have an effective impact on debt allocations by foreign portfolio investors to Indian papers.
The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback the real economy and financial system are receding.