Standard & Poor's (S&P) Global Ratings has revised India's sovereign credit outlook to 'positive' from 'stable' on May 29, 2024, while affirming its long-term foreign currency debt rating at BBB-, the lowest investment grade. The upgrade reflects robust economic growth, improved quality of government expenditure, and deepening reforms. S&P has forecast India's real GDP growth at 6.8% for the year, which compares favorably with emerging market peers amid a global slowdown. The ratings agency noted that fiscal deficits narrowing could lead to a further rating upgrade. The revision comes ahead of India's general election results on June 4, 2024. Finance Minister Nirmala Sitharaman welcomed the revision, highlighting the impact of reforms since 2014. Additionally, S&P revised its rating outlook on six Indian banks to positive, including Axis Bank and ICICI Bank.
Finance Minister #NirmalaSitharaman said that S&P's decision to upgrade #India's growth outlook from 'stable' to 'positive', came due to the macroeconomic changes made by the government led by PM Modi since it came into power in 2014. https://t.co/QgVY6rULGe
Finance Minister Nirmala Sitharaman says S&P Global Ratings' revision of its outlook on India from 'stable' to 'positive' is a welcome development. https://t.co/xFdftQZwFE
#BJP credits the S&P revision in India's outlook to positive from stable to the Narendra Modi government's policy initiatives and steps taken to strengthen the economy Party spokesperson Syed Zafar Islam alleges that the Indian economy was facing policy paralysis and was under… https://t.co/qQlZrwMJp7
S&P Global Ratings raises its outlook for India to ‘positive’ from ‘stable’ while affirming the lowest #investment grade sovereign credit rating (BBB-) ahead of the general election results due on June 4. @RChitravanshi @SPGlobal #globalratings https://t.co/Xv3JOKe6bN
#NDTVWorld with @ParmeshwarBawa | S&P Global Ratings has upgraded India's sovereign outlook after 14 years to 'positive,' citing improved quality of public spending and expectation of broad continuity in reforms and fiscal policies. NDTV's @SakshiBajaj19 gets us the details. https://t.co/mpzkEWRrTF
S&P Global Ratings has upgraded India's sovereign outlook after 14 years to 'positive,' citing improved quality of public spending and expectation of broad continuity in reforms and fiscal policies. NDTV's @SakshiBajaj19 gets us the details. https://t.co/sbfowwOrRM
S&P Global Ratings Revised India’s Outlook On Economy To Positive From Stable https://t.co/wJRTGWZtX6
S&P Global revises India outlook: FM Nirmala Sitharaman's 1st response - READ @nsitharaman @FinMinIndia https://t.co/R5217W4n2Q
S&P Global revises India outlook: FM Nirmala Sitharaman's 1st response - READ https://t.co/R5217W4n2Q
#BreakingNews: S&P revises outlook on India's economy from 'stable' to 'positive', Nirmala Sitharaman hails reforms since 2014 News18's @_PallaviGhosh shares more with @JamwalNews18 https://t.co/pJM2TV0pGh
News Alert | FM Nirmala Sitharaman: S&P global ratings' revision of India outlook "a welcome development" @nsitharaman @nsitharamanoffc https://t.co/EeIz200hxQ
S&P Global ratings has revised #India’s outlook on the economy to 'positive' from 'stable'. https://t.co/djsiS3W5B4
S&P said it may raise the ratings if India's fiscal deficits narrow meaningfully such that the net change in general government debt falls below 7 per cent of GDP on a structural basis. https://t.co/qcLPOaPCI2
#NewsFlash | S&P Global Ratings revises its rating outlook on six Indian banks to positive from stable on sovereign action. At the same time, S&P has also revised upward its Stand-Alone Credit Profile (#SACP) of Axis Bank and ICICI Bank by one notch each https://t.co/HtnJ5kCXkI
S&P Global Ratings changed India's sovereign credit rating outlook to 'positive' from 'stable' and affirmed the debt grade at BBB- on May 29th 2024, citing robust growth and rising quality of government spending.
S&P Global upgrades India's outlook to positive from stable on robust growth and rising quality of government spend. "India's robust economic expansion is having a constructive impact on its credit metrics. We expect sound economic fundamentals to underpin the growth momentum…
S&P Global upgrades India's outlook from 'stable' to 'positive', citing strong economic fundamentals, deepening reforms, and cautious fiscal policies. https://t.co/0KOIjDozVP
S&P upgrades outlook on India's sovereign rating to 'positive' - $INDA https://t.co/oCl8EODcCG
S&P Global Ratings on May 29 upgraded #India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure. https://t.co/KtQjjXBFAI #Economy
S&P Global revises India outlook to positive, may raise rating if fiscal deficit narrows S&P Global has forecast India's real GDP growth at 6.8% this year, which it said compares favorably with emerging market peers amid a broad global slowdown @kanishka9996…
S&P Global Ratings signaled a likely upgrade in India’s sovereign credit rating in coming months, giving a boost to Modi’s government less than a week before election results https://t.co/crLhjYqiqL
S&P upgrades outlook on India's sovereign rating to 'positive' https://t.co/IBZnTmaUf1 https://t.co/h2FMtTMapL
S&P Global revises #India #outlook to positive, may raise rating if #fiscaldeficits narrow @kanishka9996 https://t.co/diXSWr0mol
S&P Global Upgrades India's Outlook From Stable To Positive Amid Robust Growth https://t.co/dj6AO8KW3m
S&P revises #outlook for #India to positive, affirms #rating at BBB- https://t.co/6jlXCaqCA2
India's Economic Outlook Shines: Goldman Sachs Predicts 6.7% Growth @GoldmanSachs || @FinMinIndia #GoldmanSachs #GDP #IndianEconomy https://t.co/En0KpMTTsi
S&P revises outlook on Indian economy ahead of election result - Details https://t.co/wk69BN4Hh2
S&P revises India's economic outlook from 'stable' to 'positive', affirming the 'BBB-' investment grade rating @VMukherjee7 #IndianEconomy #SPRating #EconomicGrowth #India https://t.co/gsRZQjE5UV
S&P revises India's economic outook to positive from stable https://t.co/Qt50Yhl8vo
🚨 Ratings agency Standard&Poors (S&P) has revised the outlook for India to positive from stable. Here's what the ratings firm said👇 https://t.co/xPzXXbZAwV #Rating #India | @SPGlobalRatings @SPGlobal
Positive outlook for India reflects long-term growth prospects on policy stability, deepening reforms: S&P
Ahead of June 4.... S&P Revises India Ratings Outlook to Positive From Stable India’s long-term foreign currency debt rating was affirmed by S&P at BBB-, the lowest investment grade score. Outlook revised to positive from stable
S&P retains India's sovereign rating, upgrades outlook to positive from stable
BREAKING | S&P on India: Affirms rating at BBB, revises outlook to positive from stable https://t.co/Lh3YwmxSw2
The rating agency S&P upgrades India's outlook to POSITIVE from STABLE, rating is affirmed #India #IndiaOutlook https://t.co/4OKJ85KTSf
Just In | S&P on India: Affirms rating at BBB, revises outlook to positive from stable https://t.co/VbxuK812pr
Global investment bank Goldman Sachs has raised India's #GDP growth forecast to 6.7 percent for the calendar year 2024. The latest data released by the bank said they expect sustained growth momentum with additional fiscal space on account of a bumper dividend transfer from the… https://t.co/4p4jsvTkK1