Ratings Agency Moody’s Retains Sovereign Credit Rating At Baa3 Stable


MUMBAI:

The impact of the Russia-Ukraine conflict, higher inflation and tightening global financial conditions are unlikely to derail India’s economic recovery from the pandemic, rating agency Moody’s said in a release on Tuesday.

Moody’s Investor Service retained its sovereign rating on India at Baa3 with a stable outlook, the release showed.

“Principal credit challenges include low per capita income, high general government debt, low debt affordability and limited government effectiveness,” the agency said in the release.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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