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News Digest / Samuel Brooks

Author: Samuel Brooks
08:57am, Thursday, Aug 14, 2025
S&P Global Upgrades India to BBB - First Since 2007; Rupee Strengthens to 87.58, 10‑yr Yield Drops 7 bps
S&P Global raised India's long-term sovereign rating to BBB from BBB- - the first upgrade since 2007 - citing strong GDP (avg 8.8% '22-'24, ~6.8% projected) and fiscal consolidation; rupee firmed, 10‑yr yield fell ~7bps. Risks: fiscal rollback, US tariffs.
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