Sun, Nov 26, 2017
A week after Moody's Investors Service upgraded India's sovereign rating, S&P kept its India ratings unchanged at the lowest investment grade of 'BBB-minus' citing sizable fiscal deficits, a high net general government debt burden and low per capita income.
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Sat, Nov 25, 2017
Market observers were of the view that investors awaited the comments from another ratings agency Standard & Poor`s (S&P) that came later on Friday evening.
Two major agencies namely Moody's Investor Services and S&P have provided two different ratings outlook for India, one being cautious and other stating positive outlook for the country.
S&P kept the rating for India unchanged at 'BBB-minus' with 'stable' outlook saying vulnerabilities stemming from low per capita income and high government debt balance strong GDP growth.
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