Notably, this marks the third upgrade by a global credit rating agency in 2025, following S&P’s upgrade to ‘BBB’ in August and Morningstar DBRS’ upgrade to ‘BBB’ in May.
The global sovereign credit rating agency, Morningstar DBRS has upgraded India’s Long-Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB with a Stable trend, a foreign ministry release said Friday.
The positive outlook reflects expectations of sustained policy stability, deepening economic reforms, and high infrastructure investment, which are anticipated to support long-term growth prospects.
As per reports, these interviews were held on September 19 and 20.
