The project is likely to be regarded as ad addition to the current economic growth model that has been recently shaped: S&P’s Associate Director Karen Vartapetov.
India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.
Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.