Rating agency S&P Global's upgrade of India's long-term unsolicited sovereign credit ratings shows the country's commitment to fiscal consolidation, India's Economic Affairs Secretary Anuradha Thakur said on Thursday.
S&P Global upgraded India's long-term unsolicited sovereign credit ratings to "BBB" from "BBB-" on Thursday, citing economic resilience and sustained fiscal consolidation.
Thakur said she hoped other rating agencies would follow suit.
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Thakur said she hoped other rating agencies would follow suit.
