SINGAPORE (S&P Global Ratings) June 12, 2025–S&P Global Ratings, the world’s leading provider of independent credit ratings, today announced that it has been granted a certificate of registration by the International Financial Services Centres Authority (IFSCA) to operate a new branch office in Gujarat International Finance Tec-City (GIFT City).
S&P Global Ratings plans to offer global scale ratings out of its branch within GIFT City’s International Financial Services Centre (IFSC), which has been set up by the Government of India to encourage greater domestic and international investment flows.
The new branch in GIFT City adds to S&P Global Ratings’ existing footprint in India, where the company already has an office in Mumbai. S&P Global Ratings’ parent company S&P Global Inc. also owns a majority shareholding in India-based Crisil Limited, a provider of ratings, data, research, analytics, and solutions.
“We are thrilled to deepen our presence in India through this investment in GIFT City’s growing financial gateway,” said Lynn Maxwell, Global Chief Commercial Officer at S&P Global Ratings. “Importantly, the offer of global scale ratings through our new branch in GIFT City will support the evolving needs of our clients in India who are tapping into the country’s growing economy and financing this growth through the global financial network.”
Lynn added: “For India’s bond market, credit ratings will play an increasingly important role for issuers who are seeking greater access to cross-border and domestic capital markets, while also building investor trust during market shifts. The continuing growth of a high-quality and independent ratings industry is important to help India-based issuers to communicate their creditworthiness to a wider universe of investors.”
