S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, deepening economic reforms, and high infrastructure investment as crucial drivers of sustained long-term growth. The sovereign rating remains at 'BBB-', the lowest investment grade.
Union Minister Piyush Goyal on Friday said that the latest report by ratings agency Standard and Poor’s (S&P) on India’s sovereign ratings is “very satisfying”.
Standard & Poor's on Friday maintained its sovereign rating on India stable at ‘BBB-’ while keeping its outlook for India stable.
New Delhi: Improvement in the asset quality of Indian banks and growth in credit offtake is likely to take more time as the problems in mining and infrastructure sector are yet to be resolved, global
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