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S&P doesn't do a Moody's: Retains India's sovereign rating and outlook

Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India

S&P, standard, poor, standard and poor's
India's wide range of structural trends, including healthy demographics and competitive unit labour costs, work in its favor | Standard and Poor's headquarter in New York

Global rating agency Standard & Poor's (S&P) has affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment grade with a stable outlook, saying the country's economy remains “a long-term outperformer versus peers at a similar level of income”.  The rating action by S&P has come days after Moody’s Investors Service downgraded India's rating by a notch. S&P, however, said the impact of the Covid-19 outbreak posed a significant challenge to the country’s economic growth ...