Morningstar DBRS raises India’s sovereign credit rating to BBB
Morningstar DBRS has upgraded India’s long-term issuer ratings to BBB from BBB (low) and short-term ratings to R-2 (high) from R-2 (middle), citing strong structural reforms, fiscal consolidation, sustained 8.2 per cent GDP growth (FY22–25), and macroeconomic stability. A resilient and well-capitalised banking sector also supported the upgrade.
Morningstar DBRS has upgraded India’s long-term issuer ratings to BBB from BBB (low) and short-term ratings to R-2 (high) from R-2 (middle), citing strong structural reforms, fiscal consolidation, sustained 8.2 per cent GDP growth (FY22–25), and macroeconomic stability.
A resilient and well-capitalised banking sector also supported the upgrade.
