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    Question

    Which Japanese rating agency upgraded India’s

    sovereign rating to BBB+ (Stable) in 2025?
    A Moody’s Correct Answer Incorrect Answer
    B S&P Correct Answer Incorrect Answer
    C Fitch Correct Answer Incorrect Answer
    D Rating and Investment Information, Inc. (R&I) Correct Answer Incorrect Answer
    E Morningstar DBRS Correct Answer Incorrect Answer

    Solution

    In 2025, Japan’s Rating and Investment Information, Inc. (R&I) upgraded India’s long-term sovereign rating from BBB to BBB+ with a Stable Outlook. This was the third such upgrade that year, after similar moves by S&P and Morningstar DBRS. The upgrade highlights India’s fiscal progress, strong domestic demand, and external stability.

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