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Moody’s Ratings, on September 29, 2025, reaffirmed India’s long-term issuer ratings for both local and foreign currencies, along with the local-currency senior unsecured rating, at Baa3, maintaining a stable outlook.

The decision reflects strong economic growth and a robust external financial position. The agency also upheld the short-term local-currency rating at P-3, as cited by PTI.

"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 stated.

As noted by PTI, these strengths help India withstand global challenges, such

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