India's sovereign rating may come under pressure if general elections due by May next year end up with a hung parliament or with a government unable to push through reforms, Standard & Poor's said on Wednesday.
#S&P#India#Reforms#rating downgrade#Hung Parliament
"The rating agencies have been talking about the reforms having been put on the back burner. But that is no longer true. Many important legislations were passed (recently) ... Therefore, I would think the rating agencies have no case for any downgrading," he said in reply to a query after release of the 'Economic Outlook 2013-14' report. #Economy#Rangarajan#WhoSaidWhat#rating downgrade#Reform measures
Forrester has cut its worldwide IT spending forecast for this year, saying growth will be 3.3 percent in U.S. dollars, rather than 6.2 percent. Total spending will be US$2.2 trillion. The analyst firm blamed a weak first half for its downgrade, but s...
Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors... #Standard & Poor's#Charles Brady