Showing posts with label Outlook. Show all posts
Showing posts with label Outlook. Show all posts

Tuesday, June 19, 2012

Fitch cuts India rating outlook to negative


(Reuters) - Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve.
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata June 18, 2012. REUTERS-Rupak De Chowdhuri
"A significant loosening of fiscal policy, which leads to an increase in the gross