This is India's first rating upgrade since 2004, when it was upgraded to Baa3 from Ba1. Standard and Poor's, which still assigns the lowest investment grade to India with a stable outlook, said India needed to address its weak fiscal position, indicating upgrades would take time.
In a significant boost to the Modi government's reform agenda, which has faced flak in recent weeks following a growth slowdown, Moody's Investors Service cited these very measures to upgrade India's sovereign rating a notch and changed the outlook to positive from stable. In addition, it has changed to stable from positive the ratings outlook for IRFC; EXIM India and its London branch; HDFC Bank, its Bahrain and Hong Kong branches; as well as SBI and its Hong Kong, London, and Nassau branches.
Finance Minister Arun Jaitley called the upgrade "a belated recognition of all the positive steps which have been taken in India in the last few years".
Moody's Investors Service on Friday upped the long-term ratings of four Indian financial institutions including SBI and HDFC Bank by a notch to Baa2 following the upgrade of the country's sovereign rating to the same level. The Sensex rose 235.98 points to close at 33,342.80, even after paring initial gains.
Stating that reforms will foster sustainable growth prospects, the US-based agency said the government is mid-way through a wide-ranging programme of economic and institutional reforms. While upgrading the rating, Moody's cited reforms like the recently- introduced GST, improvements to the monetary policy framework, measures to clean up non-performing loans and efforts to bring more areas into the formal economy.
In a subsequent statement to FloCombat , Werdum assured Covington was the aggressor and that he did not throw a punch . The UFC said it would investigate to determine if either fighter broke Athlete Conduct Policy regulations.
It's unclear why some Twitter users are losing their verification while others are removed from the site completely. The little blue checkmark that means a Twitter account is verified has been stripped from some white nationalists .
Following which he was suspended the second time for his illegal action in the Galle Test against Pakistan in June 2015. After he received a ban, he recently became eligible to bowl again after rectifying his action.
Orlando is the No. 1 Thanksgiving destination, followed by Anaheim, California, New York City, Honolulu and Las Vegas. This would despite the fact that gas prices are the highest since Thanksgiving 2014.
Rubio became aware of Trump's recent water incident at the podium, and tweeted his analysis of the president's performance. You just can't help wondering if every single thing or gesture conducted by Donald Trump it's just a bad joke...
Christie's declined to identify the buyer, other than to confirm that bids came from "every part of the world". The painting first reappeared at a 1958 auction, where it only sold for $59 after it was dismissed as a copy.
Charly Musonda (knee) is also absent, while Victor Moses is nearing a return to training following his hamstring problem. Now Luiz faces a battle with Christensen for a spot in tomorrow's league fixture at West Bromwich Albion .
Dog owners were more likely to be younger than non-owners, Fall and colleagues wrote, and were more likely to live in rural areas. Cardiovascular disease causes more than a quarter (26 per cent) of all deaths in the United Kingdom 160,000 each year.
All match programmes across the fourth division of English football are priced at £3, except Wycombe's which costs £3.50. The price of a replica adult Spurs shirt reflected badly, with the cost at £60 higher than the league average by £9.10.
Vanguard Group Inc. grew its position in shares of Twenty-First Century Fox by 3.7% during the 2nd quarter. Over the past three months, the average daily trading volume came in at about 3.44 million shares per day.
Old Vic executive director Kate Varah said this was "a really dismaying time" for the theater and apologized to the victims. Spacey has not yet commented on the allegations, and The Old Vic has said it has not been possible to verify the claims .
No End in Sight for Ongoing College Strike in Ontario
The college has extended the fall semester until Tuesday, Jan. 16, 2018 or possibly Jan. 23, depending on when the strike ends. The head of the colleges' bargaining team said it will be looking to the provincially appointed mediator for direction now.
Aston Martin Valkyrie AMR Pro is ready for the track
As writes the European press, the representatives of Aston Martin, has posted the first images of Aston Martin AMR Pro Valkyrie. When the vehicle debuts in 2020, all owners will be invited to special track events set up just for the model.
You can read 'Deleted' WhatsApp messages; here is how
It adds that the recipient can easily access the deleted messages regardless whether it has been deleted from sender's end. The Notification History application, as the name suggests, is a dashboard for all notifications that come to your phone.