S&P AFFIRMS BBB- RATING ON INDIA, WITH OUTLOOK NEGATIVE

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.