Global credit rating agency Moody's on Thursday raised India's sovereign credit rating to 'Baa2' from 'Baa3'. Following are the key points to know behind the upgrade from Moody's:What is 'Baa3' rating? The 'Baa3' rating was the lowest investment grade -- just a notch above 'junk' status. The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. Reforms like rolling out of the Goods and Services Tax, the announcement of demonetization, modifications in labour policy supported the Moody's upgrade.

Source: dna November 17, 2017 06:22 UTC