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S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'

S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'

May 29, 2024, at 10:01 pm

Mumbai: Rating agency Standard & Poor's (S&P) on Wednesday updated its outlook for the Indian economy from 'stable' to 'positive', maintaining the overall rating at 'BBB-', the lowest investment grade. The transfer and convertibility assessment continues to be 'BBB+'.