It said US' debt and increased uncertainty over its trajectory constrain the ratings
Government tells rating agency to introspect on processes
Public finances are set to remain key rating constraints for some time
US debt could slightly dip to 22% from 24%, while Europe's share would ease to 16% from 20%
After a dismal payrolls report for May US employers added 287,000 jobs in June, beating market expectations
Central bank also lowered its economic growth forecast for this year and the next to 2% from 2.1%
S&P reduced the long-term issuer rating for Manipal-based Syndicate Bank to "BB+" from "BBB-"