BJP, government cheer Moody s ratings upgrade

New Delhi Nov 17 (IANS) The ruling BJP and the government on Friday cheered US credit ratings agency Moody s upgradation of India s sovereign ratings with party President Amit Shah and several ministers tweeting that it was a recognition of all the good work done by the NDA.

"India s largest ever increase in Ease of Doing Business rankings Pew study ascertaining PM ji s popularity Moody s upgrade are all reflections of Modi Govt s hard-work and reform process " tweeted Bharatiya Janata Party (BJP) President Amit Shah.

US credit rating agency Moody s on Friday upgraded India s sovereign rating to Baa2 from its lowest investment grade of Baa while changing the outlook for the country s rating to stable from positive and said its was based on the Indian government s "wide-ranging programme of economic and institutional reforms".

"Recognising India s growth enhancing reforms under PM Moody s has upgraded India s sovereign rating for the first time since 2004. Entire world is recognising "Sabka Saath Sabka Vikas"" Railways and Coal Minister Piyush Goyal said in a tweet.

"Recognising India s continued progress under Hon ble Narendra Modi ji Mo dy s Investors Service has upgraded India s sovereign rating for the first time since 2004 citing the nat on s economic and institutional reforms " tweeted Minister of State for Civil Aviation Jayant Sinha.

--IANS
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