S&R upgrade India to BB+

India enjoyed a record run against the US dollar after major credit rating firm, Standard & Poor, raised India’s credit worthiness rating a notch to BB+.

India’s foreign currency rating is now one notch below investment grade, which starts at ‘BBB-’.

Indian markets have seen a recent movement of funds out, to countries such as Korea and Thailand, which are also doing well. Expectations are that the upgrade in Indian credit rating will see a surge in internal and foreign investment.

Story link: S&R upgrade India to BB+