Standard and Poor's revises India outlook to 'negative' from 'stable'
Washington, Apr 25 (ANI): United States-based rating agency Standard and Poor's has revised India's economic outlook to negative from stable, citing a slowdown in investment and economic growth and a widening in the current account deficit.
According to the agency, this has resulted in a weaker medium-term credit outlook, The Wall Street Journal reports.
"The negative outlook signals at least a one-in-three likelihood of the downgrade of India's sovereign ratings within the next 24 months," S and P said.
The agency affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on India. (ANI)
Read More: Bank Street | B.r Street | K M Street | Bellary G T Street | Harapanahalli Joshi Street | Kottur Temple Street | New Street Bo | Mahadana Street | Pookkara Street | Arisikara Street | Vanakkara Street | Muslim Street | Ma West Masi Street | Kannar Street | Tirukachinambi Street | Cutcherry Street | Mettu Street | Cholakkadai Street | Nut Street | Council House Street
MONEY SPINNING IPL SHOULD BE BANNED - PASWAN
May 18, 2013 at 9:44 PM
CBI SUPERINTENDENT SENT TO THREE DAY POLICE REMAND
May 18, 2013 at 9:42 PM
SIDDARAMAIAH EXPANDS CABINET, ENSURES NO WATER CRISIS
May 18, 2013 at 9:41 PM