S&P Global upgrades India' rating to BBB amid Trump's 50% tariffs, says outlook stable
Further, S&P Global has also revised India's short-term rating to A-2 from A-3, and improved the transfer and convertibility assessment to A- from BBB+.
In its report, S&P Global said their 'stable' assessment reflects confidence in continued policy stability and that high infrastructure investment will support India's long-term growth prospects. 'That, along with cautious fiscal and monetary policy that moderates that government's elevated debt and interest burden will underpin the rating over the next 24 months,' it added.
(This is a breaking story, more updates coming…)
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