S&P keeps India’s sovereign rating at “BBB-“

The rating agency “S&P” has kept India’s sovereign rating at “BBB-” along with a stable outlook. The rating agency stated that the economy and fiscal position of India will stabilise and begin to improve from 2021 onwards.

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While maintaining India’s stable outlook, the rating agency expects that India’s economy will revive following the containment of the Covid-19 pandemic, and will also maintain its sound net external position.

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