India to be among fastest growing emerging economies in FY22, rating hinges on deficit, debt: S&P

S&P Global Ratings on Wednesday said India will be one of the fastest growing emerging market economies with a 10 per cent growth in the next fiscal, and future sovereign rating action would hinge on lowering fiscal deficit and sustaining debt burden. S&P Director, Sovereign & International Public Finance Ratings, Andrew Wood said the forecast […]

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Reining in high fiscal deficits key to India keeping investment grade rating – S&P

Higher government deficits and higher debt stock over an extended period is the key risk to India‘s investment grade credit rating, Andrew Wood, director Asia-Pacific Sovereign Ratings at S&P Global Ratings, warned on Wednesday. S&P currently has India at “BBB-“, its lowest investment grade rating, with a stable outlook. “We will be watching the balance […]

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