Key Points
S&P Global has raised the outlook on Indias credit rating to positive" from stable" while affirming its rating of BBB minus..
It cited robust economic growth and improved expenditure quality for the move, which puts Indias sovereign rating in the reckoning for an upgrade..
A positive outlook implies better odds of the rating moving up than down..
While Indias macro numbers broadly seem to be moving in the right direction, government officials have long complained of a raw deal from global rating agencies. ..
If Indias economy continues to do well and such bonds attract many more buyers, a credit rating that barely considers them investment grade will look awkward...
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Fitch affirms India’s investment grade rating at ‘BBB-’ on robust growth outlook
16, Jan, 24India’s rating has remained unchanged at ‘BBB-’, the lowest investment grade, since August 2006. Fitch Ratings on Tuesday affirmed India’s sovereign...