S&P Says India May Be First in BRIC to Lose Investment Grade – Bloomberg 06-11-12


Salient to Investors:

Indian GDP rose the least in nine years last quarter.

Standard & Poor’s said slowing growth and political roadblocks to economic policy risks India becoming the first BRIC to lose investment-grade credit rating – economy in much better shape than earlier, especially the early 1990s, with $250 billion in foreign-exchange reserves and a floating exchange rate to cope for external shocks.

Nomura Holdings sees weakening growth fundamentals, says the government needs to take steps to reverse a negative spiral.

Read the full article at http://www.bloomberg.com/news/2012-06-11/s-p-says-india-may-be-first-bric-nation-to-lose-investment-grade.html

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