New Delhi, Sept 29 (UNI) Moody’s Ratings today affirmed India’s long-term local and foreign currency issuer ratings and the local-currency senior unsecured rating Baa3.

The rating agency also affirmed India’s other short-term local-currency rating at P-3 while maintaining a ‘Stable’ Outlook.

The stable outlook incorporates India’s gradually improving fiscal metrics and resilient growth prospects compared with peers.

India’s long-term local-currency (LC) bond ceiling remains unchanged at A2, and its long-term foreign-currency (FC) bond ceiling remains unchanged at A3.

Moody’s said 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.

These strengths lend

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