Tag: india credit rating

What are India’s problems with most Credit Ratings Agencies? | Explained

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What are India’s problems with most Credit Ratings Agencies? | Explained

While speaking at a business conference in London last week, Commerce Minister Piyush Goyal questioned the methodologies employed by sovereign ratings agencies in assigning ratings to India, saying they have been “unfair to India”. On the other hand, he praised one ratings agency — CareEdge Ratings — for being “objective”. This is not the first…

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S&P Global upgrades India’s rating after 18 years to ‘BBB’, cites economic resilience & fiscal consolidation

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S&P Global upgrades India’s rating after 18 years to ‘BBB’, cites economic resilience & fiscal consolidation

The S&P Global logo. | Photo Credit: Reuters The ratings agency S&P Global has after an 18-year gap upgraded India’s rating, to BBB from BBB-, citing the country’s “economic resilience and fiscal consolidation”. S&P also kept India’s long-term outlook as ‘stable’.  In a post on X, the Ministry of Finance welcomed the decision, saying it…

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