S&P lowers India's rating outlook to negative

April 25, 2012 12:54

Just in: Global agency Standard & Poor's cuts India's rating outlook to negative from stable. S&P threatens to downgrade India's rating in next 2 yearsif fiscal situation does not improve. tating that India's investment and economic growth have slowed, Standard & Poor's revised its outlook for the Indian economy to negative and gave it a rating of BBB(-) affirmed from stable.

India was earlier rated at BBB levels by the agency. There is a one in three chance of a downgrade to India's credit rating if external conditions continue to deteriorate, the ratings agency said in a statement. More on the ET.

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