Japan Credit Rating Agency’s decision on Wednesday to raise India’s sovereign rating from BBB+ to A- has put an 'A' back on India’s credit scorecard after more than 35 years.
What makes this all the more important is that the upgrade follows three rating upgrades in 2025, by Morningstar DBRS and Japan’s R&I, and S&P Global Ratings, which was the first upgrade by a Big Three agency in 18 years.
