Page-2 of Standard & Poor's 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 ..

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Deven Sharma: Resigned

Jharkhand born Deven Sharma was an executive, and the president of Standard & Poor’s, a Division of The McGraw-Hill Companies. He had joined Standard & Poor’s in 2006 as executive vice president, Investment Service and Global Sales. On August 23, 2011 he resigned. He will leave the company in 2011. His successor is Douglas Peterson. ..

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Impact of US Rating Downgrade on India: Some Reactions

Cost of borrowing for the US may go up by a few percentage points. But that would not really affect India. Dollar still remains dominant and potent currency in the world(Statement of Pratip Chaudhuri, SBI CHAIRMAN) I see the US downgrade, and indeed, the continued global slowdown, as signs of a structural shift of the ..

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