Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

S&P lowers India's outlook to negative

Maharashtra,Business/Economy, Wed, 25 Apr 2012 IANS

Mumbai, April 25 (IANS) Ratings agency Standard & Poor's Wednesday lowered its outlook on India to negative from stable, and warned of a ratings downgrade citing deteriorating economic indicators and slow progress on fiscal reforms in the backdrop of a "weakened political setting".

 

Standard & Poor's credit analyst Takahira Ogawa said there was one-in-three likelihood of India's sovereign ratings downgrade.

 

The ratings agency kept India's long-term rating unchanged at BBB-, which is the lowest investment grade rating.

 

"The outlook revision reflects our view of at least a one-in-three likelihood of a downgrade if the external position continues to deteriorate, growth prospects diminish, or progress on fiscal reforms remains slow in a weakened political setting," Ogawa said.

 

Ogawa said India's real per capital gross domestic product (GDP) growth was likely to remain 5.3 percent in 2012-13 as compared to around 6 percent in the previous fiscal.

 


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.