Arab Today, arab today sp warns india could lose investment grade
Last Updated : GMT 18:08:22
Arab Today, arab today
Arab Today, arab today

S&P warns India could lose investment grade

Arab Today, arab today

Arab Today, arab today S&P warns India could lose investment grade

Mumbai - AFP

Standard & Poor\'s warned Monday that India could be the first of the BRIC emerging economies to lose its investment-grade rating unless the Asian giant revives its growth and spurs reforms. The agency\'s report, titled \"Will India be the first BRIC Fallen Angel?\" comes as India grapples with a raft of economic woes including high inflation, slowing growth and a troubled currency. \"Setbacks or reversals in India\'s path toward a more liberal economy could hurt its long-term growth prospects and therefore its credit quality,\" said Joydeep Mukherji, an S&P credit analyst. In April, the firm downgraded India\'s credit outlook to negative from stable, maintaining India\'s rating at \"BBB-\" but warning it faced at least a one-in-three chance of losing its status if its public finances worsened. \"BBB-\" is just one notch above \"junk\", which carries an increased risk of default and would see India having to pay higher interest rates on its public borrowing. After S&P\'s announcement, India\'s benchmark Sensex share index ended down 0.30 percent at 16,668.01 points. The latest economic growth figures showed the Indian economy expanded 5.3 percent in the January-March period, the slowest quarterly growth figure in nine years. Other concerns are a gaping fiscal deficit, historic rupee lows against the dollar and annual inflation of about 7.0 percent. Prime Minister Manmohan Singh conceded last week that the domestic economy was heading into \"turbulent weather\", saying the government must strive to revive flagging business and shore up confidence among investors in India\'s economy. The country\'s reform process has been paralysed by a string of political scandals. S&P had hiked India\'s credit rating to investment-grade in 2007, a move that paved the way for global funds to invest in government bonds and other debt in the country. The other three emerging BRIC nations -- Brazil, Russia and China -- are also rated investment-grade. -- Dow Jones Newswires contributed to this report --

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sp warns india could lose investment grade Arab Today, arab today sp warns india could lose investment grade

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 06:20 2017 Tuesday ,28 February

Beijing to speed up approval of IPOs

GMT 05:15 2017 Tuesday ,28 February

Funds prepare $2bn oil market play as supply tightens

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday