Singapore, Aug. 17 -- S&P Global Ratings has upgraded as many as 10 Indian financial institutions, following a similar action on the sovereign credit rating on India.

They raised the long-term issuer credit ratings on seven Indian banks and three finance companies.

Following is a table with the list of companies along with their rating upgradation:

The global rating agency expects India's sound economic fundamentals to underpin growth momentum over the next two to three years.

In addition, they believe monetary policy settings have become increasingly conducive to managing inflationary expectations.

It has earlier this week upgraded India's sovereign ratings to 'BBB/Stable/A-2' from 'BBB-/Positive/A-3'. India has received its first s...