Japan Credit Rating Agency upgrades India?s sovereign rating to A- from BBB+

Japan Credit Rating Agency Ltd (JCR) on Wednesday upgraded India?s sovereign credit rating by a notch to A- from BBB+, citing the economy?s sustained high growth, the effectiveness of its economic policies, stronger financial system and improving quality of government expenditure. JCR had maintained the BBB+ rating for India since 2007, including during the global financial crisis, the pandemic, and subsequent geopolitical disruptions. The agency also raised India?s country ceiling by one notch to A, reflecting its assessment that India?s economic fundamentals, policy framework, fiscal trajectory and financial-sector resilience have strengthened sufficiently to warrant a higher sovereign credit standing. It assigned a stable outlook to both India?s foreign-currency and local-currency long-term issuer ratings. JCR said India?s economy has maintained growth of around 7%, supported by robust private consumption and public investment. It said the economy grew by 7.7% in 2025-26, and it is expected to maintain high growth of over 6% in FY27.

Powered by Capital Market - Live News