S&P Global Ratings Singapore PTE, a subsidiary of S&P Global, has become the first foreign credit rating agency to establish an office in India’s GIFT City. This move aligns with India’s initiative to develop GIFT City as an international financial services hub and is expected to significantly enhance access to global credit ratings for issuers based in the region .
By situating within GIFT City, S&P aims to provide more localized credit rating services—potentially reducing turnaround times and improving issuer interactions. The presence of a global rating firm in the Special Economic Zone marks an important step toward integrating international standards within India’s rapidly evolving financial ecosystem.
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