Watch Free Classes
Daily News Analysis » May 2024 » S&P Global revises India outlook to positive: 30 May 2024

S&P Global revises India outlook to positive: 30 May 2024

S&P GLOBAL Ratings revised up the outlook for India to ‘positive’ from ‘stable’, retained ‘BBB-’ long-term and ‘A-3’ short-term unsolicited foreign and local currency sovereign credit ratings.

Table of Content

About S&P global Credit Rating Agency: 

    • reflects upon the level of investment risk associated with the entities and their financial instruments.
    • Headquarter: New York City, USA 
  • Rating Scale:
  • Investment Grade: Ratings from AAA to BBB- are considered investment grade, indicating relatively low credit risk.
  • Non-Investment Grade (Junk): Ratings from BB+ to D are considered speculative or non-investment grade, indicating higher credit risk.

Why in the News?

  • S&P GLOBAL Ratings revised up the outlook for India to ‘positive’ from ‘stable’, retained ‘BBB-’ long-term and ‘A-3’ short-term unsolicited foreign and local currency sovereign credit ratings.