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S&P AFFIRMS BBB- RATING ON INDIA, WITH OUTLOOK NEGATIVE
May 20, 2013
SINGAPORE - Standard & Poor's has affirmed its 'BBB-' long-term and 'A-3' short-term unsolicited sovereign credit ratings on India, but says the outlook on the long-term rating remains negative. “India's long-term growth prospects, underpinned by its favourable demographic profile, and its high foreign exchange reserves, support the ratings,” S&P says.