March 30 (Bloomberg) -- India has asked for an explanation from Standard & Poor’s after the rating agency on Feb. 24 lowered the nation’s rating outlook to negative from stable, the Business Standard newspaper reported, without saying where it got the information.
A team from S&P will meet finance ministry officials for a discussion, the newspaper said. The government has also approached Fitch Ratings and Moody’s to explain its fiscal strategy and the nation’s economic situation, according to the report.
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