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Home / Questions / Q 89485
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H.P.Dubey

H.P.Dubey

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Currently India is rated as grade ‘BBB’. A further downgrade from ‘BBB-’ what’s its meaning

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3 Answers

  1. eAnswers Team

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    Added an answer on May 28, 2018 at 5:52 am

    Standard & Poor’s (S&P) an American financial services company which rates a county on its financial research and analysis on stocks and bonds has retained India’s sovereign rating at ‘BBB-‘ but the agency has warned the government of India that it may downgrade it to junk grade, If the current account deficits are not improved. If downgraded the rating to BBB then the country’s sovereign rating will be set to junk status, making overseas borrowings by corporates costlier.

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  2. eAnswers Team

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    Added an answer on May 28, 2018 at 5:52 am

    Standard & Poor’s (S&P) an American financial services company which rates a county on its financial research and analysis on stocks and bonds has retained India’s sovereign rating at ‘BBB-‘ but the agency has warned the government of India that it may downgrade it to junk grade, If the current account deficits are not improved. If downgraded the rating to BBB then the country’s sovereign rating will be set to junk status, making overseas borrowings by corporates costlier.

    • 0

  3. eAnswers Team

    View Profile
    Added an answer on May 28, 2018 at 5:52 am

    Standard & Poor’s (S&P) an American financial services company which rates a county on its financial research and analysis on stocks and bonds has retained India’s sovereign rating at ‘BBB-‘ but the agency has warned the government of India that it may downgrade it to junk grade, If the current account deficits are not improved. If downgraded the rating to BBB then the country’s sovereign rating will be set to junk status, making overseas borrowings by corporates costlier.

    • 0

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