S&P to weigh agri reforms, easing of bad loan for future India ratings

Last week, S&P Global Ratings had retained India's rating at lowest investment grade 'BBB-' for 13th year in a row

Rating agency S&P will give credence to reforms in agriculture and labour market as well as easing of bad loan stress of banking sector while deciding future rating action on India, a senior official has said.

S&P Director & Lead Analyst Sovereign & IPF Ratings APAC Andrew Wood also said return of insolvency provision under the Insolvency and Bankruptcy Code (IBC), which was suspended for at least six months, and stronger regulator framework would be important in improving the health of Indian banks.

Last week, S&P Global Ratings had retained India's rating at lowest investment grade 'BBB-' for 13th year