Sri Lanka, Sept. 29 -- Moody's Ratings on Monday affirmed the Government of India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3. The ratings agency also affirmed India's other short-term local-currency rating at P-3. The outlook remains stable.

"The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits, will be sustained," it said.

These strengths lend resilience to adverse external trends, in particular as high US (Aa1 stable) tariffs and other international policy measures hinder India's capacity to att...