Global agency Moody’s today upgraded the credit rating of Indian government’s bonds from speculative to investment grade, a move that could encourage FIIs to increase their exposure in gilts and help companies raise funds from abroad at competitive rates.
“Moody’s has upgraded the rating on long-term government bonds denominated in domestic currency from Ba1 to Baa3 (from speculative to investment grade),” said a Finance Ministry release.
From: http://ping.fm/hSWOy
Popular Posts
-
In a majority verdict, the Supreme Court today upheld the criteria of the Election Commission (EC) for granting symbols to unrecognised regi...
-
The West Bengal government today said it was exploring ways other than legal to transfer land to unwilling farmers in Singur days after the ...
-
Bollywood actors Asin and Abhishek Bachchan have reportedly turned down film maker Prakash Jha's offers to work for his film, says a med...
-
Maria Sharapova beat Caroline Wozniacki in an exhibition at Madison Square Garden on Monday -- though she lost the only point she played aga...
-
India has developed missile defence shield which can be put in place at short notice to protect at least two cities, bringing the country on...
-
An al-Qaeda attack on a Yemeni army post in the south set off clashes that left 64 people dead Monday and prompted local civilians to take u...
-
WATCH Aaj Ki Pehli Khabar for the very latest and happening news of the day....It comprises of fresh news stories of the day. Find breaking ...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment