India Credit Ratings & Outlooks
Paese | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Baa3 Stable | BBB Stable | BBB- Stable | BBB Stable | NR |
Storico del rating sul credito
Paese | Date of Change | Agenzie di rating | Rating precedente | Outlook precedente | Rating attuale | Current Outlook |
|---|---|---|---|---|---|---|
| ago 14, 2025 | S&P | BBB- | Positive | BBB | Stable | |
| mag 08, 2025 | DBRS | BBB (low) | Positive | BBB | Stable | |
| mag 29, 2024 | S&P | BBB- | Stable | BBB- | Positive | |
| mag 14, 2024 | DBRS | BBB (low) | Stable | BBB (low) | Positive | |
| giu 10, 2022 | Fitch | BBB- | Negative | BBB- | Stable | |
| ott 05, 2021 | Moody's | Baa3 | Negative | Baa3 | Stable | |
| mag 19, 2021 | DBRS | BBB | Negative | BBB (low) | Stable | |
| giu 18, 2020 | Fitch | BBB- | Stable | BBB- | Negative | |
| giu 01, 2020 | Moody's | Baa2 | Negative | Baa3 | Negative | |
| mag 21, 2020 | DBRS | BBB | Stable | BBB | Negative | |
| nov 07, 2019 | Moody's | Baa2 | Stable | Baa2 | Negative | |
| nov 16, 2017 | Moody's | Baa3 | Positive | Baa2 | Stable | |
| nov 05, 2015 | DBRS | BBB (low) | Positive | BBB | Stable | |
| apr 09, 2015 | Moody's | Baa3 | Stable | Baa3 | Positive | |
| nov 05, 2014 | DBRS | BBB(low) | Stable | BBB (low) | Positive | |
| set 26, 2014 | S&P | BBB- | Negative | BBB- | Stable | |
| set 30, 2013 | DBRS | BBB (low) | Stable | BBB(low) | Stable | |
| giu 12, 2013 | Fitch | BBB- | Negative | BBB- | Stable | |
| giu 18, 2012 | Fitch | BBB- | Stable | BBB- | Negative | |
| apr 25, 2012 | S&P | BBB- | Stable | BBB- | Negative |
Legenda della tabella
| Voto | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Ottimo | Aaa | AAA | AAA | AAA | AAA |
Voto elevato | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Voto medio alto | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Voto medio-basso | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Speculativo non adatto come investimento | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In default con scarse prospettive di ripresa | CD | RD | RD | ||
In default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Non classificato. | NR | NR | NR | NR | NR |
FAQ
What is India’s current credit rating?
India’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view India’s credit risk.
Has India’s credit rating changed recently?
This page lists the latest rating and outlook actions for India, showing when each agency last reviewed or changed its assessment.
Why does India’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence India's bond yields, currency, and equity flows as investors reassess risk.
How does India’s rating compare to other countries?
You can explore how India ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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