Rating upgrade recognises India's changing face: Prasad
November 17, 2017  13:45
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Union Law and IT Minister Ravi Shankar Prasad today said Moody's credit rating upgrade of India is a recognition of the changing face of the country underscored by good governance, transparent decision-making and pro-investment policies.


The US-based Moody's today upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.


"This revision of sovereign rating of India is recognition of changing face of India, of good governance, investment, decision-making fairness, pro-investment and pro- growth policies... most importantly, a governance of integrity and honesty," Prasad said.


Terming the rating upgrade as a matter of "great honour and assurance", the minister said it also underlined India's prowess in digital governance and digital technology.  -- PTI
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