NY -- Standard & Poor's CreditWire 3/23/98 -- In the wake of India's recent national elections, Standard & Poor's today affirmed the country's double-'B'-plus foreign currency issuer credit rating and triple-'B'-plus local currency issuer credit rating. The outlook is stable. In addition, in a special report featured in this week's edition of Standard & Poor's CreditWeek, analysts examine the challenges the new government will face in strengthening public finances, as well as the impact of the Asian financial turmoil on India. The report also includes an analysis of the cautious reform path the government is expected to take to balance the policies of the Bharatiya Janata Party's nationalist constituency with the demands of its numerous and vocal coalition partners. India's
