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Highlights of Moody's India 🇮🇳 rating upgrade to Baa2 from Baa3

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $3.6 billion in 2016, employs approximately 11,700 people worldwide and maintains a presence in 41 countries. Further information is available at

Highlights of Moody's India 🇮🇳 rating upgrade to Baa2 from Baa3

* Upgrades India's government bond rating to Baa2 from Baa3
* Changes India's rating outlook to stable from positive
* Ups India rating on view of steady progress in econ reforms
* India's econ, institutional reforms to up growth potential
* High debt burden remains constraint for India rtg profile
* GST to remove interstate trade hurdles, up productivity
* India is mid-way through economic, institutional reforms
* India reforms will foster sustainable growth
* See India FY18 real GDP growth to moderate to 6.7%
* See India FY19 real GDP growth rise to 7.5%
* See India's growth at robust levels FY20 onwards
* India's growth potential significantly higher than peers
* Expect India government debt level to remain stable
* Expect India debt-to-GDP ratio to rise by about 1% in FY18
* Reforms to strengthen India's institutional framework
* Govt support for PSU bks lowers India banking sector risk
* Govt support for PSU banks to support India's growth

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