Moody’s has lowered the outlook on the govt of India's ratings to negative from stable and affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings. Moody's also affirmed India's local-currency senior unsecured rating and other short-term local-currency rating. The govt asserted that India offers strong growth prospects in the near and medium term.

Source: Moody's lowers India's outlook; govt says fundamentals remain robust