SP Affirms India Rating at BBB
Global ratings agency SP affirmed Indias sovereign ratings at BBB with a stable outlook. The decision cites policy stability and strong infrastructure investment despite fiscal concerns.
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India retained its BBB/A-2 sovereign rating with a stable outlook on Thursday afternoon, backed by steady policy execution and high infrastructure spending. S&P affirmed the investment-grade rating despite external pressures from Brent Crude Oil import costs. The rating holds the country at the second-lowest investment-grade rung amid persistent fiscal deficit concerns.
