Japanese credit rating agency, Rating and Investment Information, Inc. (R&I), has upgraded India’s long-term sovereign credit rating to ‘BBB+’ from ‘BBB’. R&I also retained the “Stable” Outlook for the Indian economy.
In a significant boost to investor confidence, S&P Global Ratings has upgraded India’s long-term unsolicited sovereign credit rating to ‘BBB’ from ‘BBB-’, while also raising the short-term rating to ‘A-2’ from ‘A-3’.
Reserve Bank of India Governor Shaktikanta Das has been rated A+ in the Global Finance Central Banker Report Cards 2023 by the Global Finance magazine.