Key Concerns of S&P On India
The S&P report indicated that how the government reacts to the current slowdown – and any external shocks – would determine, in large part, whether India can maintain its investment-grade rating or, as the report put it, become the first fallen angel among the BRIC (Brazil, Russia, India, China) nations. India’s current sovereign rating is BBB- , one downgrade away from losing investment-grade status.
S&P is mainly worried (more…)