Standard and Poor's (S&P) has today downgraded India's outlook to negative. As there were many factors responsible for slowdown in foreign investment and also GDP growth which has direct impact on the trade deficit (current account deficit). Now current rating for India is BBB- and has also been warned that India still has 1 out of 3 chance of a downgrade, if situation further become ... [Continue Reading]
S&P Cuts France AAA Rating and Downgrades Total 9 Eurozone Countries
Stand and Poor's (S&P), one of the 3 largest rating agency, has cut the rating of France and 8 other Euro-zone countries so total 9 countries were downgraded on last Friday. France has lost its AAA with one notch so France now has AA+. While Italy and Spain were downgraded by two notches. This is very bad news for Euro-zone economies. S&P has warned months ago about the possible downgrades ... [Continue Reading]