S&P lifts India's Foreign Currency rating outlook to positive
Discuss S&P lifts India's Foreign Currency rating outlook to positive at the Fundamental Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; S&P lifts India's Foreign Currency rating outlook to positive
Ratings agency Standard & Poor's on ...
Welcome to www.Traderji.com - India's online discussion forum for Stocks, Commodities and Forex.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features.
If you have any problems with the registration process or your account login, please read the FAQ.
Fundamental AnalysisDiscuss all about fundamental analysis and valuation. The world of PEs, free cash flow, ratio analysis, multiples and accounting numbers.
S&P lifts India's Foreign Currency rating outlook to positive
S&P lifts India's Foreign Currency rating outlook to positive
Quote:
Ratings agency Standard & Poor's on Monday lifted the outlook on India's "BB" long term foreign currency rating to positive from stable on the back of improving external liquidity.
The outlook on the "BB-plus" long-term local currency rating was also revised to stable from negative.
"The outlook revisions reflect India's improving external liquidity and better prospects for the government's debt burden to stabilize," S&P credit analyst Ping Chew said in a statement.
"In addition, India's robust foreign exchange reserves, which exceed 2000 percent of short-term debt, mitigate the risk of volatility in external confidence," Chew said.
S&P said India's sovereign ratings are underpinned by the country's good economic prospects, with growth in gross domestic product likely to trend over six percent over the medium term.
But the rating agency added that the sovereign ratings on India remained constrained by high public debt and serious fiscal inflexibility.
S&P lifts India's Foreign Currency rating outlook to positive
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners. General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
23rd August 2004, 02:52 PM
S&P lifts India's Foreign Currency rating outlook to positive
