S&P Upgrades India to ‘BBB’ on Economic Resilience
S&P Global Ratings upgraded India’s sovereign credit rating for the first time in nearly two decades, citing strong fiscal discipline and resilience.
India’s long-term unsolicited sovereign credit rating was upgraded to ‘BBB’, marking a milestone not reached since September 1990. The move boosted investor sentiment ahead of Independence Day. Markets traded flat due to the holiday but snapped a six-week losing streak, with pharma and IT stocks leading gains. Major milestones included Ashok Leyland’s profit jump and JSW Cement’s strong IPO debut
