Current Affairs – August, 2015 Current Affairs, GK & News

Standard & Poor’s lowers India’s rating outlook to negative, warns of downgrade

Standard and Poor’s (S&P), the Global rating agency has lowered India’s rating outlook to -ve citing slow progress on its fiscal situation, as well as deteriorating economic indicators. S&P has also warned of a further downgrade India’s rating in 2 years if there is no improvement in the fiscal situation. Implications:- The lowering of outlook ..