Moody's retains India's credit rating at 'Baa3'; outlook stable - Trump tariffs to have limited near

Moody’s, the global credit rating agency, has retained India’s rating at Baa3 for both local and foreign-currency issuer categories, as well as its local-currency senior unsecured rating. Moody’s has kept a stable outlook on India's ratings. The stable outlook and rating confirmation indicate India's continuing credit advantages, including its substantial and rapidly expanding economy, robust external standing, and reliable domestic funding sources for ongoing budget deficits. These advantages provide protection against unfavourable external developments, particularly as elevated United States (Aa1 stable) customs duties and other international regulations restrict India's ability to draw manufacturing investments, says Moody’s. "India's credit strength are balanced by long-standing