'India's medium-term growth prospects remain strong': Morningstar DBRS upgrades sovereign rating to 'BBB'

Morningstar DBRS has upgraded India's sovereign credit rating to 'BBB' with a stable trend, citing structural reforms, improved fiscal metrics, and macroeconomic resilience. The upgrade reflects India's strengthened economic fundamentals, supported by infrastructure investment, digital transformation, and a robust banking sector. Further upgrades are possible if India maintains reform momentum and reduces its debt-to-GDP ratio.