… S&P downgrades India’s outlook
In yet another clear signal of India’s steadily weakening fiscal position, credit rating agency Standard & Poor’s (S&P) on April 25 slashed India’s longterm outlook from stable to negative and affirmed a BBB- rating.
S&P has also threatened to downgrade the country’s rating in the next two years if fiscal situation does not improve.
Filed under: Economy, India | Tagged: downgrades, india, S&P |
