Government’s emphasis on raising India’s sovereign rating, meeting between Finance Ministry and Moody’s on June 16

Moody’s India Rating Upgrade: The Government of India is in the process of upgrading the credit rating of the country. On June 16, 2023, the officials of the Finance Ministry, meeting with the officials of the international rating agency Moody’s Investors Service, are going to ask for an upgrade of India’s sovereign rating. Top officials of all government departments managing the Indian economy will be present in this meeting. Currently, Moody’s has given India a Baa3 rating with Stable Outlook, which is the lowest investment grade.

This meeting to be held between the officials of the Ministry of Finance and Moody’s Investors Service to upgrade the rating has come from Reuters.