Rating Agency Fitch Lowers India to BBB-, Almost Junk Bond Rating
By arunr at 16 July, 2008, 8:46 pm
New Delhi — The sovereign debt of India is almost at junk bond levels. Fitch Ratings downgraded India’s local-currency debt outlook to negative from stable, while maintaining a BBB- grade, the lowest investment grade, one step above speculative — or junk — status. The move came close on the [...]
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