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Risk Of Downgrade Far-Fetched: Aditya Puri

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September 16: HDFC Bank’s Aditya Puri says, “India is stable as a sovereign and continues to hold investment grade.” One needs more reasoning to argue for a downgrade, he says, adding that India has more than enough reserves and won’t default on payments. Keeping in mind the current debt levels, “there is no question of a downgrade for India”, he adds.