S&P Global Ratings assigned an AAAm principal stability fund rating to BlackRock's new tokenized money market fund, BRSRV, highlighting its robust risk management and investment creditworthiness.
A weaker-than-normal southwest monsoon could significantly impact India's rural economy, reducing farm incomes, increasing food inflation, and slowing consumption demand, according to S&P Global Ratings. Agriculture, agrochemicals, tractors, and microfinance sectors are expected to face the brunt of the impact.
S&P Global Ratings states India is managing global financial pressures better than indicated, with overstated concerns over foreign investment outflows and sufficient buffers to handle a wider current-account deficit due to rising oil prices.
S&P Global Ratings has reaffirmed South Korea's 'AA' sovereign credit rating with a stable outlook, noting that the nation's strong electronics sector and fiscal policy are expected to mitigate risks from the global energy market.
