S&P rules out India's rating upgrade anytime soon

By Religare
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Rating agency Standard & Poor's (S&P) has ruled out India's rating upgrade anytime soon, citing concerns over poor reforms and large number of infrastructure projects stalled due to various reasons.

    The statement has come soon after finance ministry pitched in for a rating upgrade as it tries to woo foreign investors into the Asia's third largest economy.

    S&P said India's growth story remains positive as even RBI is easing its monetary policy gradually, but, then, it added that reform announcements recently made by the government were not enough to ensure growth.

     

    The rating agency also forecasts Asia Pacific economies to perform better from here on despite slowdown in US and Eurozone. "Nobody expects the eurozone to recover by next year and will muddle through while the US economy will pick up going ahead," the agency said.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more