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…