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Moody's upgrades India's rating citing government reforms
7 views | Nov 17, 2017, 03:18:09 PM | TOI.in
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International rating agency Moody's has upgraded India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. The rating agency has cited+ the government's implementation of its reform programme which includes introduction of the Goods and Services Tax, Aadhaar system of biometric accounts and direct benefit transfer schemes and measures taken to address bad loans in the banking system.
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