MUMBAI, Feb 28 (Reuters) - Standard & Poor's said on
Thursday India's budget for the 2013/14 fiscal year would have
no impact on the country's sovereign credit ratings, warning
there was potential for the government to exceed its budgeted
S&P also said there had been "little progress" in structural
reforms to reduce the "vulnerability" in the government's fiscal
S&P last year cut its outlook on India's "BBB-minus"
sovereign ratings to "negative," threatening to push the country
into sub-investment category.
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(Reporting by Rafael Nam; Editing by Anand Basu)