Moody's Maintains 'Baa3' Rating On India, Warns Of Political Issues

Global ratings agency Moody's Investor Service on Friday affirmed India's sovereign rating at Baa3 and retained the outlook as stable citing the country's strong growth and strengthening financial sector. Moody's said the Baa3 rating and stable outlook take into account a curtailment of civil society and political dissent, compounded by rising domestic political risk. It said the eruption of unrest in Manipur illustrated these trends.