S&P maintains ‘BBB-/A-3’ rating on India with stable outlook
International ratings agency Standard & Poor’s has maintained its ‘BBB-/A-3’ credit ratings for India with a stable outlook. The agency pegged the country's current account deficit at 1.4% in 2016, as against 2.1% in 2015. Further, the agency said it expects India's GDP to grow by 7.9% in 2016 and 8% on average during the 2016-18 period.