Credit Rating Report

Morningstar DBRS Upgrades India to BBB, Trend Changed to Stable

Sovereigns

Summary

DBRS, Inc (Morningstar DBRS) upgraded the Republic of India's Long-Term Foreign and Local Currency -- Issuer Ratings to BBB from BBB (low). At the same time, Morningstar DBRS upgraded the Republic of India's Short-Term Foreign and Local Currency -- Issuer Ratings to R-2 (high) from R-2 (middle). The trend on all ratings has returned to Stable from Positive.

Ratings

India, Republic of
  • Date Issued:May 8, 2025
  • Rating Action:Upgraded, Trend Change
  • Ratings:BBB
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 8, 2025
  • Rating Action:Upgraded, Trend Change
  • Ratings:BBB
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 8, 2025
  • Rating Action:Upgraded, Trend Change
  • Ratings:R-2 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 8, 2025
  • Rating Action:Upgraded, Trend Change
  • Ratings:R-2 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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