will not itself be sufficient to lift SP’s ratings to a higher level. of other ‘A+’ rated peers if the sale proceeds are used for debt reduction.
Poor's Ratings Services raised India's long-term foreign-currency debt rating, said SP Prabhu, an analyst at Bombay-based IDBI Capital Markets.
Standard & Poor‘s
most likely receive a long-term debt rating. The following criteria will be it will be treated as a note. Note rating symbols are as follows:. SP-1