India's credit outlook News

According to Deutsche Bank research report, India was among the 'fragile five' economies in 2013, but a lot has changed since then.

Moody's, which has given the lowest investment grade rating to India, named regulatory complexity and weak social and physical infrastructure as challenges before the country.

Global rating agency Fitch Thursday retained India's credit outlook at 'stable' saying although "dynamism" is back in the economy translation of reforms into higher growth would depend upon actual implementation.

The Moody's upgrade of India's rating outlook to 'positive' from 'stable' is significant, but the government will have to do more, Finance Minister Arun Jaitley said on Thursday.

Finance Ministry on Thursday said the NDA government has restored the faith of investors and rating agencies on the growth outlook of the Indian economy.

India's sovereign rating currently stands at 'Baa3', the lowest investment grade -- just a notch above 'junk' status.

The benchmark BSE Sensex rose over 167 points in early trade Thursday after rating agency Moody's raised India's rating outlook from stable to positive.

Ahead of Prime Minister Narendra Modi's Europe visit, Moody's has raised India's credit rating outlook to stable, validating government's reform thrust and fiscal discipline.

Soon after RBI announcing a much- awaited rate cut, Chief Economic Advisor Arvind Subramanian on Wednesday said that the global rating agencies should look at upgrading their stance on India's credit outlook.

Confident of a rating upgrade, Finance Secretary Arvind Mayaram on Friday said growth rate in the current fiscal will be in range of 5.5-5-9 percent, exceeding Standard and Poor's estimate of 5.5 percent.

Welcoming Standard and Poor's (S&P) move to revise the country outlook to stable from negative, market experts on Friday said the country is entering into faster than expected growth mode.

The 50-share Nifty of the National Stock Exchange also recovered by 57 points, or 0.72 percent, to close at 7,968.85 after shuttling between 7,841.80 and 7,993.30.

India is now rated at the lowest investment grade with a "stable" outlook by all three major global credit agencies.

In a boost to Prime Minister Narendra Modi ahead of his arrival in the US, S&P on Friday raised India's credit rating outlook to stable on the back of strong political mandate helping fiscal and economic reforms.

Global rating agency Standard & Poor's (S&P) has revised India's credit outlook to stable from negative.

Fitch Ratings on Thursday said it has retained the 'BBB-' sovereign rating - the lowest investment grade - on India and a revision will depend on the government's efforts to usher in bold reforms.