Japanese agency upgrades India's credit rating to 'A-'
The Japan Credit Rating Agency (JCR) has improved India's long-term issuer ratings for both foreign and local currency, moving them from 'BBB+' to 'A-'. The agency pointed to India's robust 7.8% GDP growth as a key factor. JCR praised the government's initiatives in building digital public infrastructure and the implementation of GST. Additionally, the agency highlighted that bad loans at banks have fallen to under 2%. Following these developments, JCR also increased India's country ceiling to 'A'.
by shortkt.com✓