Published on 31 May 2024 on Reuters via Yahoo Finance
By Siddhi Nayak
MUMBAI (Reuters) - S&P Global Ratings will watch the incoming Indian government's fiscal consolidation path for the next two years for a possible sovereign ratings upgrade, an analyst at the ratings agency said on Friday.
S&P raised India's sovereign rating outlook to "positive" from "stable" on Wednesday, citing the country's strong economic fundamentals. However it kept the rating itself at "BBB-".