Japan’s JCRA Upgrades India’s Sovereign Rating to A-, Cites Strong Growth, Financial Stability

Japan's JCR upgrades India's credit rating to A- with a stable outlook, cites high growth rate

Last month, two global rating agencies, S&P and Fitch, had affirmed India's investment-grade rating, citing a dynamic and fast-growing, robust economy with policy stability and high infrastructure investment.

Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system

JCR upgrades India's sovereign rating to 'A-' due to robust economic growth and improved financial stability, ensuring higher investment certainty.

Japan Credit Rating Agency upgrades India’s sovereign rating to A- citing strong growth

India's economy grew 7.7 per cent in real terms in FY2026, while private consumption remained robust, helped by personal income tax cuts and reductions in GST rates.

Japan Credit Rating Agency upgrades India’s sovereign rating to A- on strong growth, fiscal consolidation

Japan Credit Rating Agency upgraded India’s sovereign credit rating to A- from BBB+ citing strong economic growth, fiscal consolidation, a healthier financial system and resilient external finances. JCR expects India to grow over 6% in FY27 but flagged high government debt as a key risk.

Japanese credit rating agency upgrades India's sovereign rating to A- from BBB amid strong economic growth

Japanese Credit Rating Agency (JCRA) has upgraded India's sovereign rating to A- from BBB , citing the country's solid economic growth.

India's Sovereign Rating Upgraded To 'A-' From 'BBB+' By Japanese Agency

In an official statement on Wednesday, JCRA said the Indian economy has maintained a high growth rate of around 7 per cent, supported by strong private consumption and public investment.