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

Japanese credit rating agency JCR has upgraded India's sovereign credit rating to 'A-' with a stable outlook, citing a high growth rate of around 7 per cent. In a statement issued on September 2, 2026, JCR said it upgraded India's Foreign Currency Long-term Issuer Rating from BBB+ to A-. Similarly, the Local Currency Long-term Issuer Rating was also upgraded from BBB+ to A-, with a stable outlook. Furthermore, the agency raised India's country ceiling by one notch to A. The agency stated that this is an unsolicited rating, meaning it was issued without a request from the Indian government.