S&P’s upgrade of India’s sovereign credit rating to ‘BBB’ is projected to lower overseas borrowing costs for Indian companies and non-bank lenders. Top-rated firms could see savings of 10-20 basis points on external commercial borrowings, currently around 7.75%. This shift expands the global investor base for NBFCs, potentially leading to spread benefits of 15-40 basis points.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets