The recently announced trade deals with the United States and the European Union (EU), along with the fiscal policy roadmap outlined in the Union Budget 2026-27, uphold India's (CareEdge Global BBB+/Stable) sovereign credit profile, according to a report by CareEdge Ratings.
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
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