S&P Retains India’s Sovereign Rating at ‘BBB-‘; Maintains Stable Outlook

New York based rating agency Standard & Poor’s (S&P) kept its sovereign rating for India unchanged at ‘BBB-‘, with outlook for the nation as ‘stable’.

BBB– rating is the lowest investment grade and just one notch above junk status. S&P stated that India’s sizable fiscal deficit, low per capita income and high government debt do not warrant a sovereign rating upgrade as of now.
Static/Current Takeaway Points Important for RBI Assistant Mains 2017 Exam-
  1. RBL Bank MD & CEO- Vishwavir Ahuja, Corporate Office- Mumbai, Maharashtra.
Source- The Hindu Business Line