India-Pakistan Tensions Escalate, Spark Global Concern

Military tensions between India and Pakistan have escalated, marked by missile and drone attacks, retaliatory strikes, and civilian casualties on both sides. The conflict, initially triggered by India's Operation Sindoor following a deadly terror attack, has caused significant disruptions, including the cancellation of a major cricket match due to security concerns. Both countries' nuclear capabilities are seen by experts as a deterrent to full-scale war, although risks of miscalculation remain high. S&P Global Ratings warns that the situation increases credit risks for both nations but expects the confrontation to remain contained and short-lived, with no immediate impact on sovereign credit ratings. Ongoing military operations and blackouts in border areas have prompted international calls for dialogue and enhanced civilian protection. The global community is closely monitoring the situation, emphasizing restraint and peaceful resolution.