INDIA

STANDARD & POOR’S AND INDIA’S SOVEREIGN DEBT.

STANDARD & POOR’S CHANGED ITS OUTLOOK ON INDIA’S SOVEREIGN DEBT FROM STABLE TO NEGATIVE.*

STANDARD & POOR’S CURRENT RATING FOR INDIA IS BBB-MINUS, SO ANY DOWNGRADE WOULD PUT IT IN « JUNK » TERRITORY.

ITS SLOWING GROWTH, HIGH BORROWING AND LARGE CURRENT-ACCOUNT DEFICIT WERE ALL FACTORS IN S&P’S DECISION.

FOR FURTHER INFORMATION ABOUT INDIA, READ DAILY ANALYSIS AND OPINION FROM EUROMEDIATIONS  AT www.euromediations.org

 

* SOURCE : THE ECONOMIST.

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