Moody’s revises India to positive

Moody's Investors Service said it affirmed the Government of India's Baa3 issuer and senior unsecured ratings and changed the outlook to positive from stable.

India's P-3 short-term local currency issuer rating was also affirmed.

Moody’s said the outlook change is due to its view that India's policymakers are establishing a framework that will likely: allow India's growth to continue to outperform that of its peers over the medium-term; and improve India's macroeconomic, infrastructure and institutional profile.

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