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S&P revises outlook on India to Negative from stable

February 24th, 2009

The Standard & Poor’s Ratings Services (S&P) has revised the outlook on the long-term sovereign credit rating on the Republic of India to negative from stable and has affirmed BBB- rating on India. The outlook revision reflects that India’s fiscal position has deteriorated to a level that is unsustainable in the medium term.

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  1. March 12th, 2009 at 14:18 | #1

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    Now as such we had seen in the month of Feb’09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

    Now in the coming Month of March’09 which is also the year’s closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market

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