As expected the front page of all the financial news papers covers the story of S&P negative on India . I was just trying to figure out the implications of S&P outlook downgrade to India, The agency retained the rating at BBB-, but said it was changing its outlook from stable to negative. let’s try to figure out the impact :-
- Well the rating is BBB- S&P just gone to pessimist and revised its outlook for India country rating negative.
- BBB- is the last rung in the ratings grade of S&P ,downgrade from here meaning India will be having speculative grade rating. Continue reading “S&P Rating implications on India :”