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Sovereign credit rating — JCR upgrade MCQ - Practice Questions with Answers

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Practice questions

Q1Which of the following correctly describes the Japan Credit Rating Agency (JCR) upgrade of India’s sovereign ratings reported on 2 September 2026?

A Long-term issuer ratings raised from BBB to BBB+ with a negative outlook

B Long-term foreign and local currency issuer ratings raised from BBB+ to A- with a stable outlook

C Long-term issuer ratings raised from A- to A with a positive outlook

D Country ceiling lowered from A to BBB+ with a stable outlook

Explanation

PIB reported that JCR upgraded India’s long-term foreign currency and local currency issuer ratings by one notch from BBB+ to A- with a stable outlook, and also raised India’s country ceiling by one notch to A.

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