S&P maintains status quo on India’s rating

S&P maintains status quo on India’s rating

 

Standard & Poor’s (S&P) has maintained status quo for India’s ratings. S&P has assigned sovereign rating for India unchanged at ‘BBB-‘ and keeps outlook stable.

Moody’s Investors Service last week upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.