A logo of the Standard & Poor’s AA- rating (Photo credit: Wikipedia)
Times of India: “Ratings agency Standard & Poors on Wednesday cut India’s outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints, battering stocks, bonds and the rupee.
The lowered outlook jeopardises India’s long-term rating of BBB-, which is the lowest investment grade rating. “The outlook revision reflects our view of at least a one-in-three likelihood of a downgrade if the external position continues to deteriorate, growth prospects diminish, or progress on fiscal reforms remains slow in a weakened political setting,” S&P credit analyst Takahira Ogawa said in a note.”
via S&P cuts Indias outlook from stable to negative; markets hit – The Times of India.
Related articles
What would you expect, given recent decisions in India, such as that to retroactive review foreign takeovers or mergers and apply taxes or penalties retroactively is not helping in foreign investment. While China has been assiduously wooing everyone, see https://chindia-alert.org/2012/12/31/question-who-did-china-woo-in-2012/ – plus for April a senior Chinese minister/politician either visited or hosted the following: Caribbean, Kazakhstan, Britain, Cyprus, Brunei, Iceland, Sweden, Germany, Poland, Thailand, Japan, North Korea, Timor-Leste, Colombia, South Sudan; Indian ministers/politicians and ministers are firmly ensconced at home!
CHINDIA ALERT: You'll be living in their world, very soon 
Leave a comment