World Economy

S&P Retains India Rating

S&P Retains India RatingS&P Retains India Rating

S&P Global Ratings on Wednesday has retained India’s ratings at ‘BBB-’ with a stable outlook and ruled out any upgrade in two years citing weak public finances, Zeebiz reported. “We are affirming our ‘BBB-’ long-term and ‘A-3’ short-term sovereign credit ratings on India,” S&P Global Ratings said in a statement. “The stable outlook balances India’s sound external position and inclusive policymaking tradition against the vulnerabilities stemming from its low per capita income and weak public finances. The outlook indicates that we do not expect to change our rating on India this year or next, based on our current set of forecasts,” it further added.

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