India Wins S&P Rating Outlook Boost Days Before Voting Ends
- S&P says it could upgrade India’s rating in next 24 months
- Regardless of poll result, broad policy continuity likely: S&P
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S&P Global Ratings signaled a likely upgrade in India’s sovereign credit rating in coming months, giving a boost to Prime Minister Narendra Modi’s government less than a week before election results are released.
S&P raised its outlook on India’s BBB- rating — the lowest investment grade level — to positive from stable, citing the economy’s strong fundamentals that will support growth in the next two to three years.