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Moody's upgrades India's debt rating 23 December 2011
"India's Baa3 rating incorporates credit strengths such as a large, diversified economy, robust medium term growth prospects and a strong domestic savings pool that facilitates the financing and refinancing of the government's relatively high debt burden," the ratings agency said...
Keywords: fiscal deficits, foreign currency bank deposits, Credit rating agency Moody's Investor Service, India's Baa3 rating incorporates
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