Standard & Poor’s lowered its outlook for India on Wednesday, citing the country’s struggle to rein in its relatively high debt and fiscal deficit amid a political impasse that is unlikely to ease before the next national elections in 2014.
Although S.&P. did not downgrade India’s debt rating on Wednesday, the revision in the outlook — from stable to negative — signaled that there was now at least a one-in-three chance of a downgrade sometime in the next 24 months, S.&P. said.WE ARE ON THE CUSP OF ANOTHER GLOBAL CRASH...
STAY TUNED...
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