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India’s S&P ratings to be based on new government policies!
Highlights
India’s S&P Ratings to Be Based on New Government Policies!, Looks like the future of the country’s credibility will now be largely based on the oncoming power that takes over at the Centre.
Looks like the future of the country’s credibility will now be largely based on the oncoming power that takes over at the Centre. As per the latest reports by S & P (Standard & Poor), the country’s creditworthiness largely depends on the kind of fiscal and economic policies made by the new government post the elections.
Standard and Poor confirmed that it will upgrade India’s outlook if the new government elected next month actively addresses the country’s fiscal and economic weaknesses and takes steps to formulating effective policies.
“If in the future they implement policies that effectively address some of the credit weaknesses that I have highlighted, we could revise the outlook to stable again” said S&P Director Kim Eng Tan in a webcast released by the site.
“In the absence of effective policy action, we could lower the ratings on the sovereign” he added.
The country now is severely lacked with workable policies on goods and services tax, pointed S & P.
India currently stands with a rating of BBB Minus – a negative given only by S&P alone.
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