Chances of India downgrade higher than for Indonesia: S&P
Sep 03 2013 , Mumbai
S&P analyst Kim Eng Tan also said there was more than a one-in-three chance for India rating cut within two years, according to Bloomberg.
S&P has a "BBB-minus" rating on India with a "negative" outlook. A downgrade would push Asia's third largest economy to "junk" status.
S&P rates Indonesia at "BB-plus."
The rupee touched a session low of 67.36 to the dollar after the news.