India's strong economic growth and stable external finances have helped it maintain its credit ratings, according to global rating agency Moody's. On Monday, Moody's affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a 'Stable' outlook.

Moody's also maintained India's short-term local-currency rating at P-3. The agency’s latest review comes amid recent improvements in India's fiscal and economic outlook, following other global agencies’ positive assessments, including S&P Global Ratings’ upgrade of India's sovereign rating in August. Advertisement

"The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing economy, sound external posi

See Full Page