S&P reaffirmed India's rating at 'BBB-'

Current context: Rating Agency Standard & Poor's Financial Services LLC (S&P) has reaffirmed the Sovereign Credit Rating of India at ‘BBB-‘.

 

• Along with the BBB rating, it has also reaffirmed the outlook as stable.
• The Key highlights of the agency’s findings are:

1. India’s economy continues to achieve impressive long term growth rates despite a recent deceleration.
2. The economic slowdown is cyclical rather than structural.
3. The economy will continue to outperform with rising domestic demand and strong demographics.
4. Over the next two years the growth will remain strong.
5. Fiscal deficit will remain elevated but broadly in line with their forecast.

Question: 

Q.1 What is India’s current rating as per the Standard & Poor's Financial Services LLC (S&P)?
a. AA-
b. A+
c. BBB+
d. BBB-
e. BB