India's Credit Rating Upgraded to BBB - First Time in Over a Decade

India's Credit Rating Upgraded to BBB - First Time in Over a Decade

Standard & Poor’s has upgraded India’s sovereign credit rating to BBB, marking the country’s first rating enhancement since 2007, Reuters reports. The move reflects improved economic fundamentals and heightened investor confidence amid ongoing reforms and robust growth prospects. This upgrade is expected to bolster India’s appeal to global investors and signal enhanced fiscal stability on the international stage. S&P Raises Indias Credit Rating …

S&P upgrades India's sovereign credit ratings to BBB

In a major move, ratings agency S&P Global raised its sovereign credit ratings on India to 'BBB' from 'BBB-'. According to the ratings agency, India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances, while maintaining its strong infrastructure drive.