By: Economic & Finance Report
India’s financial industry is probably celebrating and if they are not, they should be. Moody’s the international crediting agency, recently upgraded India’s bond and credit ratings.
The last time India received an improved credit rating from Moody’s was in 2004, close to 14 years ago, the reasoning??? Well it’s because there has not been sufficient criterium met by Moody’s, that was pursued by past governments.
Moody upgraded India’s credit and bond ratings from positive outlook to stable, because of the economic and business reforms that have been instituted by Prime Minister Modi, and the progress that India has taken within the past decade; in regards to institutional reforms within the government. -SB