Latest News on Credit downgrade
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Credit downgrade - Total results - 4
Jan 01, 2013
Ahead of Budget, S&P sounds positive note on IndiaThe possibility of India losing its investment grade credit rating has receded somewhat as a result of economic reforms undertaken by the government since last September, an analyst with rating agency Standard & Poor's told Reuters on Thursday.
Dec 11, 2012
India faces high chances of being downgraded to junk: S&PThe Indian government's wide fiscal deficit and a heavy debt burden are the most "significant rating constraints" to the country's sovereign rating, Standard & Poor's said
Nov 16, 2012
Govt will struggle to meet new deficit target after dismal 2G auctionsIndia will struggle to meet its already swollen deficit target this year after a dismal response to this week's 2G auction and a battle to sell stakes in state companies, finance ministry officials privately concede.
Apr 27, 2012
S&P downgrade: Uphill battle for Spain to tackle financesSpain's credit rating is still in investment grade, three notches above junk status. Nonetheless, the lower rating could increase the nation's borrowing costs