Finance Ministry officials will meet credit rating agency Moody's Investors Service on June 16 and pitch for a sovereign rating upgrade, two government sources told Reuters.

The meeting will see participation from all government departments managing the economy, said the first source.

The Finance Ministry did not immediately reply to a Reuters mail seeking comments before office hours.

Also read: Growth estimate. Moody’s sees India’s GDP expanding 6-6.3% in Q1, flags fiscal slippage risks

Moody's rates India at the lowest investment grade of "Baa3" with a "stable" outlook.

Also read: Rising global challenges, higher inflation won’t derail India’s recovery: Moody’s