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Business
JCR Raises India's Credit Rating to A-, Finance Ministry Welcomes Decision
✍️ The Hindu
🗓 02 Sep 2026, 10:39 PM
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Japanese credit rating agency JCR has upgraded India's sovereign rating to A-, a move welcomed by the Indian Finance Ministry.
Japanese credit rating agency JCR announced on Thursday that it has upgraded India's sovereign credit rating to A- from its previous rating.
The Finance Ministry issued a statement expressing its appreciation for the decision and reaffirming its commitment to maintaining a stable macro‑economic environment.
JCR’s assessment cites India’s resilient growth trajectory, robust fiscal discipline, and improving debt sustainability as key factors.
The upgrade is expected to lower borrowing costs for the government and enhance investor confidence in Indian markets.
The Finance Ministry issued a statement expressing its appreciation for the decision and reaffirming its commitment to maintaining a stable macro‑economic environment.
JCR’s assessment cites India’s resilient growth trajectory, robust fiscal discipline, and improving debt sustainability as key factors.
The upgrade is expected to lower borrowing costs for the government and enhance investor confidence in Indian markets.