Moody's Affirms India's Baa3 Rating; Maintains Positive Outlook
Singapore, November 16, 2016-- Moody's Investors Service has today affirmed the Government of India's Baa3 issuer and senior unsecured ratings and maintained the positive outlook on the rating. Moody's has also affirmed India's P-3 short-term local currency rating. The decision to maintain a positive outlook on the Baa3 rating rather than assigning a stable outlook to the rating at either Baa3 or Baa2 reflects two drivers:.
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