India’s economy enters A-rated club after 35 years
India's economy has entered the A-rated club after a 35-year wait, thanks to a recent upgrade by Japan Credit Rating Agency (JCRA). The agency raised India's sovereign rating from BBB+ to A- in response to strong economic growth, effective policies, and robust private consumption and investment. This marks the first such upgrade from a Big Three rating agency in 18 years, following upgrades by Morningstar DBRS and S&P Global Ratings in 2025.
The improvement in India's financial system, with a decreasing non-performing loan ratio, also contributed to the upgrade. However, the Big Three rating agencies Moody's and Fitch have not upgraded India's rating, leaving the A rating as the highest achievable for India. The A rating is significant as it reduces the cost of borrowing for the government and improves the economics of infrastructure and corporate investment.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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