Standard and Poor's, which still assigns the lowest investment grade to India with a stable outlook, said India needed to address its weak fiscal position, indicating upgrades would take time.
Former Economic Affairs Secretary Shaktikanta Das said in a tweet: "Moodys upgrade India's credit rating after 13 years".
"This change is a positive for the rupee and India in the medium term as it lends credibility to the ongoing reform agenda which should support inflows, ameliorating some concerns over current account-deficit financing", Nomura said in a report. "We welcome (the upgrade) and believe that it is a belated recognition of all the positive steps taken in India in the last few years which have contributed to the strengthening of the Indian economy", Jaitley said. "It is a major global recognition of major economic and institutional reforms undertaken by the Government of India", he said while addressing a press conference here.
Moody's Investors Service on Friday upped the long-term ratings of four Indian financial institutions including SBI and HDFC Bank by a notch to Baa2 following the upgrade of the country's sovereign rating to the same level.
Meanwhile the Sensex closed 236 points higher after the Moody's upgrade, while the NSE index rose almost 70 points.
"Moody's upgrading India's Ratings is a reflection of India growth story and sound economic principles for a #NewIndia". While GST and demonetisation have undermined growth over the near term, real GDP growth will rise to 7.5 per cent in 2018- 19 as disruption fades, it said. S&P and Fitch Ratings have India a rung above junk. It also claimed that India's growth potential superseded that of many other sovereign nations. The Narendra Modi government has been pitching for an upgrade for quite some time now citing various reforms initiatives.
The outlook on new rating is stable - this means that factors that can lead to a downgrade of India's rating and the ones that can upgrade its score are evenly balanced.
One of the Fiat 500s that carried Pope Francis around NY during his US visit fetched a reported $300,000 from a philanthropist. Lambo CEO Stefano Domenicali reportedly presented the vehicle to the pope in a special ceremony.
So Far!, they also went back to "Generation X", the first song Pink wrote when she was 14 that she declared very bad . Pink's husband, Cary Hart, "threw them out the window ", the singer said. "I nearly threw up in my mouth".
Liverpool have missed Clyne's influence at the back with youngsters Joe Gomez and Trent Alexander-Arnold filling in at right-back. He then faces a race against time to regain fitness and form ahead of next summers World Cup in Russian Federation .
The bulk of the increase in leisure and hospitality was attributed to employment increases in food services and drinking places. And it's three-tenths of a percent better than that rate of 4.1 percent, which was the lowest in nearly 17 years.
Judge Walls stated in response to issuing verdicts on individual counts it would be "going down the slippery slope of coercion". Bob Menendez becomes emotional as he speaks to reporters in front of the courthouse in Newark , N.J., Thursday, Nov. 16, 2017.
The group editor of DC Comics has been fired amid allegations from three women regarding sexual harassment and assault. The New York office had a reputation within the industry as being a hard place for women to work under Berganza.
The latest game, which was released episodically throughout 2016, was a critical success and sold over 7 million copies. He wrote the first movie and scripted John Wick: Chapter 3, due in theaters May 17, 2019.
And now we have the catalogue of penalty appeals during this Italy-Sweden clash, all of which were overruled by Lahoz. I don't want to think it's the game of life but I'm convinced that, with the help of the fans, we will do it.
But Qualcomm's beaten down stock price showed far less optimism among investors that a deal could be consummated quickly. Despite that, it seems that Broadcom's offer wasn't enough for Qualcomm's board of directors.
But the way things are going, it could just as well turn out to be little more than a diplomatic courtesy. North Korea has time and again said it has no intention of backing away from its nuclear program.
The ESO reports that its High Accuracy Radial velocity Planet Searcher (HARPS ) instrument was what discovered Ross 128 b . In fact, most red dwarfs are prone to flaring, which is bad news in the search for alien life outside our Solar System.
Tesla unveils its electric 'semi' truck, and adds a roadster
As for jackknifing, Musk said it will be "impossible" thanks to the Semi's independent motors offering vehicle stability assist. Long-haul semi trucks, on the other hand, would be expected to go greater distances, and that would be challenging.
The best OnePlus 5T deals in India
The OnePlus 5T is the newest phone from OnePlus, and it improves on the company's 2016 flagship, the OnePlus 5 , in lots of ways. There's also now a "parallel apps" mode which lets you run two instances of an app - say, if you want to use different accounts.
NASA launching JPSS-1 weather satellite
This interagency effort (JPSS) is the latest generation of USA polar-orbiting, non-geosynchronous environmental satellites. According to Space.com, JPSS-1 is meant to build off the work of other NOAA satellites.