Moody’s boost to ModiIndia got First Sovereign Credit Upgrade since 2004.
Prime Minister Narendra Modi has been criticized by many for the fall out of demonetization and GST implementation. But Moody's arguing reforms helped to stabilize India's rising debt levels. This is coming just week after World Bank moved India up 30 places in its annual ease of doing business rankings.
Following the upgrade S&P BSE Sensex jumped 1.1%
Do you think this is a New Year/Christmas gift from our great brother US to contain China?