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Moody's downgrades India's credit rating outlook to 'negative' from 'stable'

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Moody's Investors Service has downgraded its outlook on India's ratings to "negative" from "stable", attributing increasing risks that the country's economic growth will remain lower than in the past. Government responded to the downgrading saying India continues to be among the fastest growing major economies in the world, India's relative standing remains unaffected.

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