India's growth, external profile solid buffers against turbulence: S&P

More severe conditions could put pressure on its sovereign credit ratings, says agency

India's strong economic growth and sound external balance sheet are expected to provide a buffer against a "treacherous global environment", said ratings agency Standard and Poor’s (S&P) on Wednesday.

A few factors, under more severe conditions, could however apply downward pressure on India’s sovereign credit ratings on (BBB-/Stable/A-3). “We expect these strengths to help neutralize the risks inherent in the treacherous global environment”, S&P said in a 'Frequently Asked Questions' on factors likely to impact credit rating.

India faces a mixture of factors that may shake its sovereign credit metrics. Amid external turbulence, its foreign exchange reserves are falling, and