India's rating upgrade hinges on sustainable fiscal consolidation, low inflation - S&P analyst
S&P in May affirmed its 'BBB-' long-term and 'A-3' short-term, unsolicited foreign and local currency sovereign credit ratings on India, while retaining the outlook on the long-term rating at stable. Currently, India's rating remains constrained because of its weak fiscal performance, Nikita Anand, associate director, financial institutions ratings at S&P, said at a webinar.
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