High forex reserves, low external debt supporting India's credit rating: CareEdge Global
New Delhi [India], October 3 (ANI): India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB' sovereign ratings to India.
Also, the BBB rating to India was based on the resilient post-pandemic rebound of the Indian economy and increased focus on infrastructure investment.
The rating agency'