S&P affirms India's BBB-minus/A-3 rating with stable outlook

“The stable outlook reflects our view that India's contraction in fiscal 2021 will be followed by a significant recovery, which will stabilize the country's broader credit profile,” S&P said. The outlook was underpinned by India’s above-average long-term real GDP growth, sound external profile, and policy stability, it said.

from Economy-News-Economic Times https://ift.tt/3i4dRBi