MCQ
Sovereign credit rating MCQ - Practice Questions with Answers
Solve 1 Sovereign credit rating questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the Japan Credit Rating Agency (JCR) action on India reported by PIB on 2 September 2026, consider the following statements: 1. JCR upgraded India’s long-term foreign currency and local currency issuer ratings by one notch from BBB+ to A-, with a stable outlook. 2. JCR left India’s country ceiling unchanged at BBB+. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: JCR upgraded the long-term foreign and local currency issuer ratings from BBB+ to A- with a stable outlook. Statement 2 is incorrect: JCR raised India’s country ceiling by one notch to A.
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