穆迪上調印度主權評級

Moody’s has upgraded India’s sovereign rating on expectations of continued progress for economic and institutional reforms.

穆迪(Moody’s)調高了印度的主權評級，因爲預期該國將在經濟與制度改革方面取得持續進步。

The upgrade from Baa2 to Baa3 by the US rating agency follows sweeping changes under prime minister Narendra Modi, including the introduction of a goods and services tax and a controversial demonetisation programme.

在這家美國評級機構把印度的主權評級從Baa2調高至Baa3之前，印度在總理納倫德拉?莫迪(Narendra Modi)的領導下實施了全面改革，包括引入商品與服務稅和惹爭議的廢鈔計劃。

Moody’s said it expects “continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term.”

穆迪表示，它預計，“隨着時間的推移，經濟與制度改革方面的持續進步將鞏固印度的高增長潛能及其償還政府債務的龐大、穩定的融資實力，並將可能有助於實現中期內總體政府債務負擔的逐漸減輕。”

The agency also changed its outlook for India’s sovereign bonds from positive to stable, adding that while the country’s high-debt burden remained a constraint on its credit profile, reforms already in place have reduced the risk of a sharp increase in debt “even in the event of shocks”.

穆迪還把印度主權債券展望從正面調整爲穩定，並補充稱，儘管該國高企的債務負擔對信用狀況造成制約，但業已啓動的改革降低了“即便在衝擊情況下”債務大幅增加的風險。

“The relatively fast pace of growth in incomes will continue to bolster the economy’s shock absorption capacity,” Moody’s said. “And even in periods of relatively slower growth, as seen recently, stable financing will mitigate the risk of a sharp deterioration in fiscal metrics.”

“收入相對較快的增幅將繼續增強印度經濟的衝擊吸收能力，”穆迪說，“甚至在收入增長相對較慢的時期，正如最近看到的那樣，穩定的融資將緩解各類財政指標大幅惡化的風險。”