India rating may be pressured if polls end in hung parliament - S&P
MUMBAI (Reuters) - 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.
"If it is a hung parliament or if the government is unable to effect reforms, definitely by implication the rating will come under pressure," said Terry Chan, credit analyst at Standard & Poor's during a teleconference with reporters.
S&P has a "negative" outlook on India's sovereign ratings, meaning any downgrade from its current "BBB-minus" would place the country's debt in so-called "junk."
(Reporting by Neha Dasgupta and Subhadip Sircar; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- Malaysia military tracked missing plane to west coast - source
- Rupee retreats from 7-month high as shares fall
- India halts plan to join global bond indexes, defers Euroclear - sources
- WRAPUP 4-Malaysia military tracked missing plane to west coast-source
- Exports fall in February, may miss annual target
MISSING MALAYSIAN PLANE
Malaysia is probing if any passengers or crew aboard a missing airliner had personal or psychological problems that might explain its disappearance, along with the possibility of a hijack, sabotage or mechanical failure. Full Article