Japan’s JCR upgrades India’s sovereign credit rating to ‘A-‘
Key facts
- On 2 September 2026, the Japan Credit Rating Agency raised India's rating one notch, from BBB+ to A-.
- The upgrade covers India's long-term foreign- and local-currency issuer ratings.
- JCR cited growth near 7%, digital public infrastructure, GST and bank NPAs below 2%.
Why it matters
[Data] A higher sovereign rating can lower the cost of government borrowing. The move lifts India out of the BBB band with JCR. Exams test which agencies rate India and why ratings matter.
Asked before: CDS (II) 2016 asked which of the listed bodies are credit rating agencies in India.
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