This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Outlook on India Revised to Positive by S&P
May 30, 2024
India’s outlook has been revised to positive by S&P and its ratings were affirmed at BBB-. The outlook revision follows the robust economic growth, improvement in quality of government spending and political commitment to fiscal consolidation. According to S&P, India’s GDP growth over the last three years has averaged 8.1% annually, the highest in the APAC region. S&P expects the growth momentum to continue at close to 7% annually over the next three years.
In addition, the outlook on many Indian companies were revised to positive by S&P following the sovereign outlook change. For instance, the outlook on Export-Import Bank of India, ONGC, IRFC, NTPC, Power Grid, Axis Bank, HDFC Bank, SBI was revised to positive.
Dollar bonds of the above Indian companies traded stable.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.