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S&P ratings sees debt downgrade for India if economic slide continues Sovereign bonds slid after the report, with the yield on the benchmark 10-year note rising 5 basis points to 6.76 per cent Current Affairs :India may have its obligation minimized in case of a significant monetary stoppage, S&P Global Ratings said. Sovereign securities slid after the report, with the yield on the benchmark 10-year note rising 5 premise focuses to 6.76 percent. The rating organization said it anticipates that the economy should bit by bit recoup throughout the following scarcely any years with correspondingly higher development. “In the event that this recuperation doesn’t emerge, and it turns out to be certain that India’s basic development has fundamentally decayed, we could bring down the rating,” Andrew Wood, a Singapore-based examiner at S&P, said in the announcement. Monetary development is at the most reduced since Prime Minister Narendra Modi came to control with...