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India dismisses S&P's projection of rating downgrade

India on Wednesday dismissed the latest projection by Standard & Poor's that there was a more than one-in-three chance of ratings downgrade for the country in the next one to two years, saying there was "no chance" of this prospect.

S&P warns India of rating downgrade; Govt says nothing to worry

While retaining India's sovereign rating at 'BBB-' with a negative outlook, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months.

Implement reforms to avoid risk of rating downgrade: Nomura

Brokerage firm Nomura Thursday said the country still stands a chance to get downgraded if the government does not implement the recent reform measures and compliment them with more reforms.