https://www.econstor.eu/handle/10419/100274
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the homesovereign ratingseconstorbias
https://www.rediff.com/business/report/budget-s-and-p-budget-will-not-impact-indias-sovereign-ratings/20130228.htm
It believes that there had been 'little progress' in structural reforms.
s pimpact indiasovereign ratingsbudget