No ratings impact: S038;P

Ratings agency Standard 038; Poor8217;s does not believe the Mumbai attacks should affect India8217;s sovereign rating providing they are an isolated case, it said on Thursday. S038;P said it expected a short-term negative impact on the currency and stock exchange as well as a slowdown in tourist arrivals but that such effects would recede with time if there were no further attacks. It rates India as BBB- with a stable outlook.