Quote – “The revision in ratings by Moody’s is a positive development and is a great enabling factor for Indian financial markets. Simultaneously, the rating upgrade of SBI amongst others indicates that Indian Financial system remains resilient and robust and poised to support growth. The bond yields, Indian Rupee and Stock Markets have already reacted favourably. Over a point of time, this will reduce borrowing costs of Government and Financial Institutions and result in increased investor confidence in the India growth and reform story”.
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