Moody's reiterates India's Baa3 rating

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New Delhi, Aug 18: Moody's Investors Service on Friday maintained its stable outlook on India, while affirming its Baa3 rating.

Though at the same time, it has taken a cautious stand on political issues, citing Manipur's example. It said that curtailment of civil society and political dissent, compounded by rising sectarian tensions, support a weaker assessment of political risk and the quality of institutions. 

It went on to add that though elevated political polarisation is unlikely to lead to a material destabilisation of government, the rising domestic political tensions suggest an ongoing risk of populist policies -- including at the regional and local government levels -- amid the prevalence of social risks such as poverty and income inequality.

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