Friday, February 14, 2020

S&P affirms India ratings at 'BBB-'


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International ratings agency Standard and Poor’s on has affirmed India’s sovereign rating at ‘BBB-’ with stable outlook, saying the country’s GDP growth is likely to gradually recover towards longer-term trend rates over the next two to three years.

‘BBB’ rating refers to adequate capacity of the rated entity to meet its financial commitments.

“Despite a notable deceleration in India’s economy in recent quarters, we believe its structural growth out performance remains intact. Real GDP growth is therefore likely to gradually recover toward longer-term trend rates over the next two to three years, according to the agency.

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