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INDIA'S high fiscal and debt to gross domestic product ratios are the main constraints to a sovereign ratings upgrade, Standard & Poor's ( S& P) credit analyst Agost Benard said in an interview with CNBC- TV18 on Friday.
CNBC points out that Bulgaria is the poorest EU member state but that its "tough reforms" have helped it achieve one of the smallest debt to gross domestic product ratios in the European Union and a budget deficit of around the Maastricht-agreed 3% of GDP ceiling.