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India faces challenges on rating: S&P

India is facing challenges to keep its stable rating outlook with high inflation, weak fiscal position and slower economic growth weighing, rating agency Standard & Poor's (S&P) said on Monday.

business Updated: Feb 06, 2012 23:22 IST

India is facing challenges to keep its stable rating outlook with high inflation, weak fiscal position and slower economic growth weighing, rating agency Standard & Poor's (S&P) said on Monday.

"The balance of risk factors for the sovereign credit rating may be shifting slightly toward the negative," S&P, which has an investment grade BBB- rating with a stable outlook on India, said in a report.

India has been grappling with a political deadlock and the government's ability to implement measures to improve economic growth and fiscal prudence will be vital to boosting investor confidence, said Takahira Ogawa, credit analyst, S&P.