JCR upgrades India's credit rating to A-
new delhi, Sept. 3 -- Japan Credit Rating Agency Ltd (JCR) on Wednesday upgraded India's sovereign credit rating by a notch to A- from BBB+, citing the economy's sustained high growth, the effectiveness of its economic policies, stronger financial system and improving quality of government expenditure.
JCR had maintained the BBB+ rating for India since 2007, including during the global financial crisis, the pandemic, and subsequent geopolitical disruptions.
The agency also raised India's country ceiling by one notch to A, reflecting its assessment that India's economic fundamentals, policy framework, fiscal trajectory and financial-sector resilience have strengthened sufficiently to warrant a higher sovereign credit standing.
It assigned a ...
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