Moody's upgrades India's bond rating for 1st time in 14 yrs
International credit rating agency Moody's Investors Service has upgraded India's bond rating for the first time in 14 years, saying continued progress in India's economic and institutional reforms will enhance its high growth potential. It has upgraded India's bond rating to Baa2 from its lowest investment grade (Baa3). It has changed the outlook for India's rating to stable from positive.