S&P Global Ratings raised India’s sovereign credit rating in mid-August from BBB- to BBB, one notch above its lowest investment-grade rating. The rating agency had moved India’s rating to a positive outlook in March, but the upgrade itself came after a gap of 18 years. S&P cited the Indian government’s sound fiscal management, strong GDP growth, higher quality government spending, and the effectiveness of its monetary policy in managing inflationary expectations. According to the agency, India’

Tag-uri: Inflatie