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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.
