.... An S&P report released on Monday upheld India's current rating at BBB- with a stable outlook, but warned that negative factors combined with the government's weak policies "may lead us to a tipping point". "We don't expect to downgrade or revise the outlook on the long-term rating in the near future," the report said. "(But) continuous loose fiscal policy or policy setbacks on the monetary, financial, and economic fronts that lower India's medium-term growth prospects could result in a rating downgrade."......
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