इंडियन आवाज़     30 May 2024 06:43:18      انڈین آواز

Global rating agency S&P keeps India’s sovereign rating unchanged

(Last Updated On: )



Global rating agency, Standard & Poor’s (S&P) today kept India’s sovereign rating unchanged, at ‘BBB minus’ with a stable outlook.

S&P said, the ratings reflect the country’s strong GDP growth, sound external profile, and improving monetary credibility. It said, the country’s strong democratic institutions, and its free press promote policy stability and compromise, and also underpin the ratings.

S&P added that these strengths are balanced against vulnerabilities stemming from the country’s low per capita income and relatively high general government debt stock.

The rating stance taken by S&P comes days after Moody’s Investors Service raised India’s sovereign rating for the first time in over 13 years. Moody’s had said that India’s growth prospects have improved with continued economic and institutional reforms.

S&P rating affirms govt taking economy on right track: Sitharaman

AMN / New Delhi

Minister of Defence and former Commerce Minister Nirmala Sitharaman on Friday hailed Standard & Poor (S&P) latest rating for India and said this showed the Indian economy was strong and the government was taking it on the right track.

The leading global rating agency in its report released this evening retained India’s outlook as stable and kept the rating unchanged at BBB.

Talking to media persons, Ms Sitharaman said, “S&P Global has lauded the Narendra Modi government for passing a number of reforms that address long standing impediments to the country’s growth, whilst affirming India’s existing rating at BBB.”

Please email us if you have any comment.


بزنس ڈائجسٹ

این ٹی پی سی نے سب سے زیادہ بجلی پیدا کرنے کاریکارڈ بنایا ہن ...

حکومت کو آر بی آئی کا تحفہ

ریزرو بینک کی رقم کی منتقلی کا فوری اثر وزارت خزانہ کی مالی ح ...

اانتخابات کے لیے روزگار کا مسئلہ کتنا اہم ہے؟

مہر ایس شرما ملک میں انتخابی مہم میں اب صرف چند دن رہ گئے ہی ...


Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...


Tamil Nadu CM Stalin attacks BJP over ‘saffron’ Doordarshan logo

AMN DMK Chief and Tamil Nadu chief minister MK Stalin on Sunday slammed the Bharatiya Janata Party (BJP) f ...

Broadcasting Authority Penalises TV Channels for Hate-Mongering, Orders Removal Of Offensive Programs

Broadcasting Authority (NBDSA) Orders Times Now Navbharat, News 18 India, Aaj Tak to Take Down 3 TV Shows ...


Uttarakhand: Portals of Badrinath Shrine open for Pilgrims

The portals of the famous Badrinath shrine, located in Chamoli district of Uttarakhand, opened this morning at ...

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

@Powered By: Logicsart