Morningstar upgrades India a notch to BBB

Amidst geopolitical tensions, Morningstar DBRS upgraded India's sovereign rating to 'BBB' from 'BBB (low)', citing structural reforms, fiscal consolidation, and sustained high growth. The agency highlighted infrastructure investments, digitalization, and a resilient banking system as key factors. India's short-term foreign and local currency ratings also improved to R-2 (high).

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