Moody's maintains stable rating outlook for India

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, November 27, 2012, 9:52 [IST]

Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates, as debate rages in the country over whether the country can avoid credit downgrades from other rating agencies, Reuters has reported.

"In its annual credit analysis on India, which Moody's said does not constitute a rating action, the agency also cited the country's large, diverse economy and strong gross domestic product growth as supportive of the rating," the Reuters report has stated.

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