Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?
S&P Global Ratings raised India's sovereign rating outlook to 'positive,’ citing robust economic growth and improved expenditure quality. But BBB minus is the lowest investment grade. This sits awkwardly with a growing global appetite for Indian government bonds.
S&P Global Ratings raised India's sovereign rating outlook to 'positive,’ citing robust economic growth and improved expenditure quality. But BBB minus is the lowest investment grade. This sits awkwardly with a growing global appetite for Indian government bonds.