Bloomberg News

S&P Says India May Lose Investment Rating

June 11, 2012

Slowing economic growth and political roadblocks to policy making are just some of the risk factors to India’s BBB- long-term sovereign credit rating, S&P said in a statement. The company lowered the outlook on the rating, one level above junk, to negative on April 25. Asia’s third-largest economy expanded 5.3 percent in the first quarter from a year earlier, the slowest pace in nine years, according to official data. (Source: Bloomberg)

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