Search: Look for:   Last 1 Month   Last 6 Months   All time

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)


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
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.