S&P's BBB- rating and stable outlook for India irks govt, official says status quo in rating 'is a bid unfair'
In January 2007, S&P had raised sovereign credit ratings on India to 'BBB-' with a stable outlook, from 'BB+'
Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.
Congress leader Kapil Sibal on Saturday said the upgradation of India's rating by US credit rating agency Moody's was not in sync with the "mood of the people"
In the opening session, the 30-share benchmark BSE index shoot up 414 points at one point
Moody's Investors Service on Friday raised India's sovereign rating for the first time in 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms.
Sensex and Nifty maintained their upward trajectory supported by broadly positive Asian markets and healthy uptake in bank
Moody’s Investors Service on Friday upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.
Moody's India upgrade after 13 years will strengthen our resolve for fiscal discipline: Arun Jaitley
On Moody's upgrading India to Baa2 from Baa3, Jaitley said it is a recognition that India continues to follow path of fiscal prudence
New York-based Moody's on Friday upgraded the sovereign credit ratings by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.
In 2015, the rating outlook was changed to 'positive' from 'stable'
Sensex zooms 414 points to 33,521; Nifty races past 10,300 as Moody's ups India's sovereign rating to Baa2
At BSE, SBI rallied 2.94 percent while private peers ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank soared up to 3.07 percent
Sentiment got a big push after the US-based Moody's today upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven byeconomic and institutional reforms
In the last three years, as interest rates have increased and growth has slowed, India's interest-growth differential has narrowed, yet it remains more favourable than in many similarly rated countries, and is a factor underpinning government debt sustainability.