S&P reaffirms India’s rating, retains outlook at ‘stable’

S&P reaffirms India’s rating, retains outlook at ‘stable’

Credit rating agency Standard & Poor’s has reaffirmed India’s sovereign rating at ‘BBB-’ with stable outlook, Economic Affairs Secretary Atanu Chakraborty said on Tuesday. "They (S&P) have stated that India’s economy continues to achieve impressive long-term growth rates despite a recent deceleration. S&P expects the Indian economy to continue to outperform its peers and that the growth will remain strong over the next 2 years", tweeted Chakraborty. In September 2014, S&P had assigned India the lowest investment grade rating with stable outlook.

Read more at 
The Indian Express

Timeline

.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........

In-depth coverage

Read more top Business stories on Crisp