In search of an S&P upgrade, India got a shock - (Oops!)

[Zeeshan360]

S&P is but one rating agency among many. S&P was the agency that never saw the housing crisis coming but see's not only India's future but the US too. NO other rating agencies have done so, both in the case of India and the US.

S&P is so good at predictions that just after they downgraded the US, US saw its highest growth for many quarters.

Even moody is gonna downgrade the rating ..

 

[Matrixx]

Read more carefully.

No need for panic after S&P India downgrade: Mukherjee | Reuters

India's outlook was downgraded from "stable" to "negative". With a warning of an impending credit rating downgrade as well.

And India's current credit rating, is only one notch above "junk" to begin with.

I know if India downgraded to Junk status....we will be happily welcomed by king of junk status...Pakistan
That is why there are really happy currently....

 

[Safriz]

so the indian bubble has burst?

any economy built on compound interest and bank loans is set to fail..
the only winners are the banks and financial institutions.

 

[illusion8]

It's just an outlook for 2012, lets see what happens.

 

[Safriz]

I know if India downgraded to Junk status....we will be happily welcomed by king of junk status...Pakistan
That is why there are really happy currently....

junk ststus isnt always a bad thing..
if you know about credit rating system...
junk status is given to those who dont take loans from banks.
pakistan government takes loans but the economy isnt built on bank loans.
thats why pakistani economy is still surviving despite the whole world turning against us.
so there you go..pakistans junk status is for a very different and good reason.

 

[dott]

so the indian bubble has burst?

any economy built on compound interest and bank loans is set to fail..
the only winners are the banks and financial institutions.

great analysis of indian economy.

 

[Markus]

These credit ratings are politically motivated because we have still not opened up our retail sector and have not implemented banking reforms that the Western countries had asked for.

This is all drama to warn us that we should do as they expect us to do.

Retail and Banking in India is where the Westerners have set their sight on.

 

[Matrixx]

so the indian bubble has burst?

any economy built on compound interest and bank loans is set to fail..
the only winners are the banks and financial institutions.

Did you see this ....

http://www.defence.pk/forums/econom...erestimated-may-slashed-10-a.html#post2880357

 

[Subramanian]

Best thing that happened,hope this ll make the Congress lose in 2014.

Most people dont know the size of the back market in India and ll be amazed by the volumes of it.

If Banks alone contributed to the economy,we would not have survived the 1947-1991 dumb *** period.

 

[Guest]

Finally, US targets south Asia. They failed firstly in Euro, and then failed again in middle east, South Asia seems to be their final resolve. So don't be suprised if there is any terrorist attack like that happened in mumbai. sacrificing India is the last thing they want to do, but they need money!

BTW, don't get me wrong, China is also their target. just see what happened in south china sea and you will know.

 

[Safriz]

may be s&p wasnt happy with india's outwordly defence spending and
.le mmrca

 

[HongWu]

india got a slap on the face with its own begging bowl