S&P reiterates may revise India's outlook if govt acts
Mar 14 2013
The comments, made in a report on Asia-Pacific Sovereign Ratings dated Wednesday, reiterate its previously stated stance.
Conversely, a downgrade is likely if India's economic growth prospects dim, its external position deteriorates, its political climate worsens, or fiscal reforms slow, S&P says, also reiterating its previous comments.
India's sovereign rating is currently at "BBB-minus", the lowest investment grade, which signals at least a one-in-three likelihood of a downgrade within the next 24 months.