Highlights of Moody's India 🇮🇳 rating upgrade to Baa2 from Baa3

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Highlights of Moody's India 🇮🇳 rating upgrade to Baa2 from Baa3

* Upgrades India's government bond rating to Baa2 from Baa3
* Changes India's rating outlook to stable from positive
* Ups India rating on view of steady progress in econ reforms
* India's econ, institutional reforms to up growth potential
* High debt burden remains constraint for India rtg profile
* GST to remove interstate trade hurdles, up productivity
* India is mid-way through economic, institutional reforms
* India reforms will foster sustainable growth
* See India FY18 real GDP growth to moderate to 6.7%
* See India FY19 real GDP growth rise to 7.5%
* See India's growth at robust levels FY20 onwards
* India's growth potential significantly higher than peers
* Expect India government debt level to remain stable
* Expect India debt-to-GDP ratio to rise by about 1% in FY18
* Reforms to strengthen India's institutional framework
* Govt support for PSU bks lowers India banking sector risk
* Govt support for PSU banks to support India's growth