city New Delhi India covid-19 economy Government Coronavirus city New Delhi India

S&P affirms India's sovereign rating at 'BBB-', outlook stable

Reading now: 842
www.livemint.com

NEW DELHI : Standard & Poor’s (S&P) Global Ratings on Wednesday affirmed India’s lowest investment grade credit rating with stable outlook, saying the country’s economy and fiscal position will stabilize and beginning to recover from 2021 onwards.The rating action will provide huge relief to the government as last week Moody’s Investor downgraded India’s sovereign rating one notch to the lowest investment grade with negative outlook."While risks to India's long-term growth rate are rising, ongoing economic reforms, if executed well, should keep the country's growth rate ahead of peers.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA