Plus   Neg

S&P Cuts India Credit Rating Outlook To 'Negative'

Standard and Poor's has downgraded the outlook on India's credit rating to 'negative' from 'stable', reports said Wednesday.

The rating agency said India's investment and economic growth has slowed and the current account deficit has widened.

According to reports, S&P affirmed the sovereign's credit rating at BBB-, but said there is one in three chances of a rating downgrade.

The agency expects only modest progress in fiscal reforms in the coming years, reports said.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

comments powered by Disqus
Follow RTT