Rating Downgrade

  • S&P affirms negative outlook on India May 17, 2013

    Mumbai: Ratings agency Standard & Poor's affirmed India's sovereign rating at 'BBB-minus' with a 'negative' outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday. S&P said the government's ability to prop up investment growth remained uncertain. The ratings agency, however,...
  • Chidambaram rules out threat of rating downgrade October 11, 2012

    Tokyo: Dismissing fears of a rating downgrade, Finance Minister P Chidambaram on Thursday said the government would take a host of reform initiatives in the next two years to spur growth momentum. "I don't think there is a serious threat of a downgrade but we take the talk of a...
  • India faces rating cut risk despite reforms: S&P October 10, 2012

    Mumbai: Ratings agency Standard & Poor's warned that India still faced a one-in-three chance of a credit rating downgrade within the next 24 months despite a new drive for economic reform that was launched in September. "A downgrade is likely if the country's economic growth prospects dim, its external position...