Morningstar DBRS Changes Trend on India to Positive, Confirms at BBB (low)

DBRS, Inc. (Morningstar DBRS) confirmed the Republic of India’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, Morningstar DBRS confirmed the Republic of India’s Short-Term Foreign and Local Currency – Issuer Ratings at R-2 (middle). The trend on all ratings has been changed to Positive from Stable.