 "S&P, Standard & Poor's")
Standard & Poor’s rating reiteration for India is unlikely to stir up the rupee and bond market as not many were expecting a rating revision by the international rater.
The global ratings agency maintained its BBB- ratings with a stable outlook for India. The 10-year bond yields closed at seven per cent, from its previous close of 6.99 per cent, while the rupee closed at 64.70 a dollar against its Thursday’s close of 64.57. S&P reiterated its ratings after the markets closed.
Moody’s upgraded India’s rating to Baa2 from Baa3 on November 16. The markets are expecting that Fitch and S&P would
