In October, S&P had said that India needs to improve its fiscal position for a rating upgrade. In October, S&P had said that India needs to improve its fiscal position for a rating upgrade. In October, S&P had said that India needs to improve its fiscal position for a rating upgrade. In October, S&P kept India’s sovereign rating unchanged at the lowest investment grade with a stable outlook. India’s sovereign credit rating was last upgraded by Moody’s in January 2004 to Baa3 from Ba1.

Source: Indian Express November 23, 2017 23:43 UTC