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S&P Revises Upward Ratings of 7 Banks
The New Indian Express Kochi
|August 17, 2025
Finance companies -- Bajaj Finance, Tata Capital and L&T Finance. All these companies had BBB- with a positive outlook/A-3 and have now been upgraded to BBB with stable outlook/A-2 and is a natural follow-up of the sovereign rating upgrades of India.
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"We have revised upward our assessment of the standalone credit profiles of State Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, Indian Bank, T
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