India deserves higher ratings, BBB ratings acknowledge only macroeconomic strength: Report

New Delhi, Sep 10 (IANS) India’s recent rating upgrade to “BBB” by S&P acknowledges its macroeconomic strength, but the rating still falls short of capturing the country’s true credit profile, a report said on Wednesday.

"As compared to BBB and even A-rated peers, India’s growth trajectory, fiscal consolidation, external resilience, banking stability, and institutional credibility present a much stronger macro profile," MP Financial Advisory Services said in its report.