India’s 2013/14 Budget unveiled last week offers a “realistic” plan to meet the country’s fiscal deficit target, and should be a credit positive for its sovereign ratings, Moody’s Investors Service said in a report on Monday.
India’s fiscal consolidation plans could pave the way for monetary easing, thus helping revive economic growth, Moody’s added.
“This plan of modest fiscal consolidation is credit positive for the sovereign because against a backdrop of subdued GDP growth and upcoming elections, it is a realistic effort to correct India’s macroeconomic imbalances,” Moody’s said in its report.
Moody’s is the only rating agency, of the three major credit agencies, to have maintained its “stable” outlook on India’s ratings. Standard & Poor’s and Fitch have the country with a “negative” outlook.
Get OANDA’s exclusive weekly Market Pulse FX
HTMLText
| Email Address: | Preferred Format: |
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
View the original article: http://forexblog.oanda.com/20130304/india-outlook-stable-moodys/
A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com
To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!
No comments:
Post a Comment