New Delhi, May 9 -- :India's rating has been upgraded from 'BBB (low)' to 'BBB' with a 'Stable' trend by global sovereign credit rating agency Morningstar DBRS. The key drivers for the ratings upgrade include India's structural reforms through infrastructure investments, digitalisation, fiscal consolidation, sustained high growth with macroeconomic stability, and a resilient banking system.

"The global sovereign credit rating agency, Morningstar DBRS, upgraded India's Long-Term Foreign and Local Currency - Issuer Ratings from BBB (low) to BBB with a Stable trend," a Finance Ministry statement issued on Friday said. "India's Short-Term Foreign and Local Currency Issuer Ratings were also upgraded to R-2 (high) from R-2 (middle) with a Sta...