S&P: May Downgrade India (Debt at 70% of GDP)

[TalkToMe:D]

Seems chinese are very happy to see India as poor, a dream come true?

 

[lamlap]

Due to the fact that India's record trade deficit

Debt at % of GDP

My Forecast

2006 = 38%
2008 = 48%
2010 = 78%


2012= 108%
2015= 148% (higher than Greece, Italy)

2015

PIIGS = Portugal, India, Italy, Greece, Spain

BRIC = Brazil, Russia, INDONESIA, China

http://www.defence.pk/forums/world-affairs/150945-i-bric-might-stand-indonesia-not-india.html

 

[Veritas]

Oh please .. if you want replace I with Indiana, Indianola, Iraq, Iran whatever makes you happy. Go on live your dream that The Goldman Sachs guy who coined the term has given the full rights of it to the resident chinese members of this forum.

 

[Chinese-Dragon]

2015

PIIGS = Portugal, India, Italy, Greece, Spain

BRIC = Brazil, Russia, INDONESIA, China

That is very possible.



www.defence.pk/forums/world-affairs/150945-i-bric-might-stand-indonesia-not-india.html

Goldman Sachs said that India was the most disappointing of all the BRIC nations.

India: The most disappointing BRIC of all? | Firstpost

 

[TalkToMe:D]

Dream on Chinese because it is the only thing you can do in liberty in your regime.

---------- Post added at 04:47 PM ---------- Previous post was at 04:46 PM ----------

India's credit rating is BBB-, which is one step above junk bond.

Japan's credit rating is AA- (solid investment grade).

The two countries are not comparable at all.

References:

Credit ratings and what they mean

"BBB-: Considered lowest investment grade by market participants. (Indian bonds are a tad above junk.)

BB+: Considered highest speculative grade by market participants." (This means junk bond.)

http://www.nytimes.com/2011/08/24/business/global/japans-credit-rating-cut-by-moodys.html

Please enlighten me what about Pakistan?

 

[Martian2]

India's credit rating is BBB-, which is one step above junk bond.

Japan's credit rating is AA- (solid investment grade).

The two countries are not comparable at all.

References:

Credit ratings and what they mean

"BBB-: Considered lowest investment grade by market participants. (Indian bonds are a tad above junk.)

BB+: Considered highest speculative grade by market participants." (This means junk bond.)

http://www.nytimes.com/2011/08/24/business/global/japans-credit-rating-cut-by-moodys.html

Six months ago, Portugal was downgraded to junk bond. India is probably only a few months away from following Portugal into junk territory.

Reference: Portugal's credit rating downgraded to junk status | World news | The Guardian

 

[TalkToMe:D]

Play with all this If-Then-Else Chinese because history have proven it wrong, btw Dream hard because it is the only thing you can do in a CCP regime

 

[Veritas]

Six months ago, Portugal was downgraded to junk bond. India is probably only a few months away from following Portugal into junk territory.

Reference: Portugal's credit rating downgraded to junk status | World news | The Guardian

your knowledge on these matters has proven to be questionable and now your statement is speculative. FYI, the great S&P kept AAA for France when it downgraded US. But again, the very great S&P gave AIG AAA rating, so we can all talk about this all night, rest assured India will pay its debt obligations.

 

[TalkToMe:D]

I would love to see Pakistan Joining the PIIGS

 

[Chinese-Dragon]

Seems chinese are very happy to see India as poor, a dream come true?

Indians are always talking sh*t about China's economy. Can't you handle the taste of your own medicine?

At least we are using facts and sources here, which is more than you guys do.

 

[T90TankGuy]

considering that all the links given by the OP are 5 months old . SnP has already downgraded us and guess what we still around with a 7% growth .

don't know why davidson is so insecure about us . or himself for that matter.
he is Chinese who uses a US flag has a westernized name and claims china will touch the sky . (which in my opinion is inevitable)

 

[Veritas]

Indians are always talking sh*t about China's economy. Can't you handle the taste of your own medicine?

At least we are using facts and sources here, which is more than you guys do.

Some Indian guys may be talking **** abt Chinese economy, but almost all Chinese guys seems to peddling **** about India.

Yet, again my dear Chinese overlords are caught patently lying about facts. We are handling ****, that the Chinese are shoveling.

 

[TalkToMe:D]

Indians are always talking sh*t about China's economy. Can't you handle the taste of your own medicine?

At least we are using facts and sources here, which is more than you guys do.

Source as in if then else statements? Who had seen the future?

---------- Post added at 05:07 PM ---------- Previous post was at 05:04 PM ----------

Indians are always talking sh*t about China's economy. Can't you handle the taste of your own medicine?

At least we are using facts and sources here, which is more than you guys do.

Such statement states that if the person in front of you goes cheap, you will go cheaper, what a shame is it chinese culture?

 

[RoYaL~GuJJaR]

http://img4.bbs.**********/uploadfiles/images/2012/01/29/0129172635570.JPG


Countries by Debt of GDP

Greece = 146%
Italy = 103%
Ireland = 92%
Portugal = 88%
-------------------
India = 78%
-------------------
Austra = 72%
France = 67%
Spain = 60%


India may face rating downgrade: S&P - Indian Express
Moody’s downgrade India
India could face ratings downgrade due to widening fiscal deficit


Due to the fact that India's record trade deficit

Debt at % of GDP

My Forecast

2006 = 38%
2008 = 48%
2010 = 78%


2012= 108%
2015= 148% (higher than Greece, Italy)

(Piigs) Greece, Italy Portugal, Spain ------> Will India be the next?

Hmmm.......

Some Important aspects to look about:-

Date of the links are :-

Aug 08 2011
2011-10-25

(When rupee was on free fall and sensex was going down)

=> 3/4 Months have passed after that...

S&P: May Downgrade India (Debt at 70% of GDP)

And this May hav'nt done yet ?

(Everything is improving now,Rupee Gaining strength,inflation decreasing,sensex,FII rising)

 

[Martian2]

India has to repay $137.2 billion in June.

Let's all come back in six months and see whether India has the cash to pay a monstrous $137.2 billion lump sum. I'm willing to bet India will be downgraded to junk by the end of June.

Let's be honest, India is another Greece waiting to implode. You've spent too much money and you're still running massive deficits.

----------

http://articles.economictimes.india...finance-minister-pranab-mukherjee-crude-price

"Fiscal deficit to exceed budget estimate, says Finance Minister Pranab Mukherjee
IANS Jan 6, 2012, 07.46PM IST

CHENNAI: India's fiscal deficit this financial year will exceed the projected 4.6 percent of the gross domestic product (GDP) owing to higher oil prices, Finance Minister Pranab Mukherjee said Friday.

The 2011-12 budget had projected the country's fiscal deficit at 4.6 per cent of the GDP. Fiscal deficit is the difference between total expenditure and total revenue. (article continues)"