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    <title>Moody&#039;s retains India rating at &#039;Baa3&#039;, maintains stable outlook</title>
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    <description>Moody&#039;s affirmed India&#039;s long term sovereign rating at Baa3 with a Stable outlook, citing robust GDP growth, a sound external position, and a stable domestic financing base as sustaining factors. Persistent fiscal weaknesses-high government debt and revenue erosion from measures boosting private consumption-will limit improvements in debt affordability and produce gradual fiscal consolidation. Moody&#039;s kept local currency and foreign currency bond ceilings at A2 and A3, attributing the multi notch gap to modest external imbalances, a large government footprint, and moderate policy predictability, while the smaller LC FC gap reflects limited external indebtedness and lower moratorium risk.</description>
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