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Dec 04, 2019
8:56AM

S&P reaffirms India's rating at 'BBB' with stable outlook

Economictimes
Rating Agency S&P has reaffirmed the Sovereign Credit Rating of India at BBB with outlook as stable. In their Summary publication on India, they said India’s economy continues to achieve impressive long term growth rates despite a recent deceleration. The report said that it is believed that the economic slowdown is cyclical rather than structural.

They expect the economy to continue to outperform its peers on the back of rising domestic demand and strong demographics. In the report, S&P has maintained a stable outlook for India on the basis of their expectation that over the next two years the growth will remain strong. It said, India will maintain its sound net external position and fiscal deficit will remain elevated but broadly in line with their forecast.

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