Moody’s Affirms India’s Baa3 Rating with Stable Outlook | IIP Steady at 4%, India’s Credit Strength!　 #ETNOW

Moody’s has reaffirmed India’s long-term local and foreign currency issuer ratings at Baa3 with a stable outlook, citing strong economic growth, a sound external position, and a stable domestic financing base. Industrial production (IIP) for August remained steady at 4%, led by mining growth of 6% while manufacturing and infrastructure also posted gains. Catch all the key takeaways from Moody’s outlook and India’s latest macro data in this update.

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