52825
S&P Retains India Rating
World Economy

S&P Retains India Rating

S&P Global Ratings on Wednesday has retained India’s ratings at ‘BBB-’ with a stable outlook and ruled out any upgrade in two years citing weak public finances, Zeebiz reported. “We are affirming our ‘BBB-’ long-term and ‘A-3’ short-term sovereign credit ratings on India,” S&P Global Ratings said in a statement. “The stable outlook balances India’s sound external position and inclusive policymaking tradition against the vulnerabilities stemming from its low per capita income and weak public finances. The outlook indicates that we do not expect to change our rating on India this year or next, based on our current set of forecasts,” it further added.

Short URL : https://goo.gl/7QHXHW
  1. https://goo.gl/JKB18z
  • https://goo.gl/Nv2brd
  • https://goo.gl/vzfdez
  • https://goo.gl/Qr9LlR
  • https://goo.gl/Hd0Qlo

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus