Top headlines:India gets intranasal Covid vax; Moody's retains India rating

Moody's retains India rating and outlook, days after cutting GDP forecast

Days after Moody’s cut its gross domestic product (GDP) forecast for financial year 2022-23 (FY23) after the official GDP print for the June quarter came in lower than expectations, the global ratings agency said it will maintain its long-term sovereign debt credit rating and outlook on Asia’s third largest economy.

“The credit profile of India reflects key strengths, including its large and diversified economy with high growth potential, a relatively strong external position, and a stable domestic financing base for government debt,” Moody’s said on Tuesday. Read more

Bharat