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Business News/ Politics / Policy/  S&P says India’s rating may be pressured if polls end in hung parliament
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S&P says India’s rating may be pressured if polls end in hung parliament

S&P says rating will definitely come under pressure if the government is unable to effect reforms

S&P has a “negative” outlook on India’s sovereign ratings, meaning any downgrade from its current “BBB-minus” would place the country’s debt in so-called “junk”. Photo: AFPPremium
S&P has a “negative” outlook on India’s sovereign ratings, meaning any downgrade from its current “BBB-minus” would place the country’s debt in so-called “junk”. Photo: AFP

India’s sovereign rating may come under pressure if the general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard and Poor’s (S&P) said on Wednesday.

“If it is a hung parliament or if the government is unable to effect reforms, definitely by implication the rating will come under pressure," said Terry Chan, credit analyst at Standard and Poor’s during a teleconference with reporters.

S&P has a “negative" outlook on India’s sovereign ratings, meaning any downgrade from its current “BBB-minus" would place the country’s debt in so-called “junk". Reuters

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Published: 11 Dec 2013, 01:09 PM IST
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