Rating upgrade likely for India in the next 12 months or earlier: Credit Suisse

Upgrade of India’s sovereign rating is likely in the next 12 months or earlier, said Credit Suisse.

Moody’s on Thursday raised India outlook to “positive”, edging toward ratings upgrade.

Bank says India’s credit profile has improved significantly, especially when compared with other emerging markets.

Adds inflation picture will allow further upgrade.

Says upgrade should help boost fixed income sentiment in the near term.

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