Moody’s currently rates India at Baa3, the lowest level within the investment-grade category, with a stable outlook. According to de Guzman, the rating reflects the government’s consistent progress in strengthening its fiscal position since the Covid-19 pandemic. Moody’s currently rates India at Baa3, the lowest level within the investment-grade category, with a stable outlook. According to de Guzman, the rating reflects the government’s consistent progress in strengthening its fiscal position since the Covid-19 pandemic.
