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S&P's rating upgrade to boost market sentiment
Financial Express Lucknow
|August 15, 2025
Positive Development
S&P's INDIA SOVEREIGN credit rating upgrade to 'BBB' is seen as a positive by market players and they expect it to provide some relief at a time the market sentiment has been down due to US President Donald Trump's tariff announcements.
Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura Holdings, said the upgrade is a shot in the arm for the market sentiment, given other negative headlines around US tariffs.
Nilesh Shah, MD, Kotak AMC, said: "The rating upgrade is better late than never. It will give a psychological comfort to investors, especially global ones."
This story is from the August 15, 2025 edition of Financial Express Lucknow.
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