New Delhi: Moody’s Ratings on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3. The global ratings agency has also maintained its outlook for India as stable.

“The rating affirmation and stable outlook reflect our view that India’s prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits, will be sustained,” Moody’s said in its note.

The rating agency has said that the US’ imposition of high tariffs on India will have limited negative effects on India’s economic growth in the near term.

“However, it may constrain potential growth over the medium to long term by hindering India’s ambitions to develop a high

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