Japan's JCR upgrades India's sovereign rating to A- from BBB+
Japan's credit rating agency JCR upgraded India's sovereign credit rating to 'A-' from 'BBB+', assigning a stable outlook. The upgrade followed India's strong 7.8% GDP growth print. Moving from 'BBB+' to 'A-' lifts India further within the investment-grade band, signalling improved confidence in the country's economic fundamentals and creditworthiness.
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Sovereign rating changes and the agencies behind them are common economy questions.
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- Agency: JCR, a Japanese credit rating agency.
- Rating upgraded from BBB+ to A-, with a stable outlook.
- Upgrade followed India's 7.8% Q1 GDP growth.
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