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India gets credit boost from S&P; U.S. tariff threat minimal
The Daily Guardian
|August 15, 2025
S&P Global Ratings, in its latest report, has raised India's long-term sovereign credit rating to 'BBB' from 'BBB-', with a stable outlook, and upgraded the short-term rating to 'A-2' from 'A-3'.
At the same time, S&P revised India's transfer and convertibility assessment to 'A-' from 'BBB+'. S&P is an American credit rating agency (CRA) and a division of the New York-based S&P Global.
The 'BBB' rating by S&P indicates medium-grade credit quality. On S&P's 22-level ratings scale, 'AAA' is the highest, reflecting an extremely strong capacity to meet financial obligations, while ratings below 'BBB-' fall into the "speculative" category, signalling higher risk. Thursday's upgrade to 'BBB' means S&P now views India's sovereign finances as investment-grade and secure.
According to S&P, the upgrade reflects India's robust economic growth, strong political stability, and ongoing fiscal consolidation. The report notes that Prime Minister Narendra Modi's BJP retained a healthy majority in the Lok Sabha following the 2024 general elections, supporting policy continuity and economic reform.
This story is from the August 15, 2025 edition of The Daily Guardian.
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