Agency sees disruptions from GST implementation diminishing, economic activity recovering and sales voles increasing on better GDP numbers
Move to help attract more foreign fund flows; India Inc could tap foreign capital at lower rates
CFOs of large corporates said Moody's upgrade will help tap overseas markets where average cost of funds is Libor plus up to 200-400 basis points
Gilts failed to retain the gains, with traders booking profit
Since economists predict that the rupee will strengthen as a result of the upgrade, the export segment might find it difficult to grow as a result
To maintain the country's competitiveness, the RBI might still want to see the rupee a little weak
At the same time, the foreign currency issuer rating of ONGC has been upgraded to Baa1 from Baa2
Moody's has also changed the ratings outlook to 'stable' from 'positive' for the four banks and some of their branches abroad