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Standard and Poor's revises India outlook to 'negative' from 'stable'

Washington , Wed, 25 Apr 2012 ANI

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)


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