Japan Credit Rating Agency (JCR) has upgraded India’s sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustaine...

FinMin will impress upon agencies the resolve of the government to contain fiscal deficit at 4.1% this year and lower it to 3% by 2016-17.

"The government is taking a number of steps to improve its interaction with the major Rating Agencies,"the Survey said.

The government has started talks with leading rating agencies for upgrading India's creditworthiness, Parliament was informed today.

The world economy witnessed a sharp upturn in 2004, on account of robust growth in both advanced and emerging market economies.