India's rating outlook remains stable, says Moody's
2012-11-27 12:04:14
India's Baa3 sovereign rating is supported by credit strengths which include a large, diverse economy, strong economic growth as well as savings, and investment rates that exceed emerging market averages, Moody's said in its annual credit analysis late Monday.
It said the stable outlook on India's rating is based on the expectation that the economy's structural strengths will ultimately lift the GDP growth rate from around 5.4 percent in FY 2013 to 6 percent or higher in FY 2014.
However, Moody's cautioned that unanticipated domestic political turmoil, a further worsening in global growth and financial conditions, or a surge in food and other commodity prices could all affect the pace and timing of the recovery.