India May Struggle To Keep Its Stable Rating

06 February 2012 - Which Way to Pay

Email Article Print Article
    


India May Struggle To Keep Its Stable Rating

Rating Agency Standard and Poor’s have said that high inflation along with slower economic growth and a weak government fiscal position will negatively impact India’s sovereign rating. The report did say, “Like many countries, India is facing some challenges on a few fronts, and the balance of risk factors for the sovereign credit rating may be shifting toward the negative.” The report titled, ‘Several Factors Could Weigh On India’s Current Stable Sovereign Rating 2012,” has suggested that India will face many challenges in order to keep its stable rating outlook. This won’t be welcomed news as India has managed to retain stability and achieved continued growth despite the European debt crisis and weakening prospects in the U.S. 

Takahira Ogawa, director at Standard and Poor’s said India was likely to grow slower than normal in the near future as “Uncertainty in global financial markets and Europeans sovereign debt problems could add to pressures on India.”  He also added, “India has been grappling with a political gridlock and the government’s ability to implement measures to improve economic growth and fiscal prudence will be vital to boosting confidence. But, according the research firm Ipsos, the global economic environment and the government’s “policy paralysis” has caused a decline in Indian confidence.  Despite the difficulties S&P said that it did not expect to downgrade or revise its stable outlook on the investment grade ‘BBB-‘ long term sovereign credit rating on India in the near future.  Having said this Mr Ogawa warned that the negative factors coupled with the government’s weak policy implementation, could lead to a tipping point.

World Economic Calendar 

news_13.jpg
 

Related Links:
• Standard & Poor's
Several Factors Could Weigh On India's Current Stable Sovereign Rating In 2012
• Latest News
Read the latest economic and financial news right here

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

INSURANCE PRODUCTS
Compare Insurance Products >>

When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress.
08 August 2015
Which Way To Pay
Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life.
Read More >>
As everyone wants that big day to be perfect , there is also a hefty cost that comes with it .
14 May 2015
Which Way To Pay
Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India.
Read More >>
Everyone want the best education , But financially this can be a worry
07 October 2014
Which Way To Pay
Getting the best education is the main priority in most people's lifetime.
Read More >>