S&P's negative outlook on India unfortunate: India Inc
May 17, 2013  22:57
Expressing surprise over S&P's threat to downgrade India's credit rating, industry bodies today termed the global agency's affirming its negative outlook on the country as "unfortunate and harsh".     

Standard & Poor's has warned that it may downgrade India's sovereign rating to junk grade if the government fails to pursue reforms and check deterioration.
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