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S&P ups India’s ratings outlook to stable
Standard & Poor’s has upgraded India’s rating outlook to stable from negative, citing an improved political situation that opens the door to reforms for growth and better financial management. Its rating remains BBB-.
S&P highlighted India's relatively small external debt and a much improved external liquidity position as key strengths.
“Central bank reserves well exceed public sector external debt, reflecting the public sector's ability to finance practically all of its borrowing requirement domestically,” analysts Agost Benard and Takahira Ogawain wrote in ...Already a subscriber? Login
