- S&P downgrades ratings of Pakistan & Malaysia
Pakistan’s downgrade reflects pressure on fundamentals, while that of Malaysia’s due to political uncertainty after elections, says agency.
- S&P sees challenges to fiscal targets
International rating agency Standard & Poor’s has said that despite the low fiscal deficit assumed in the Union Budget, the country faces a...
- Fiscal deficit target 'encouraging': S&P
Standard and Poor's raised India's sovereign credit ratings to investment grade earlier this month.
- Centre, states unlikely to borrow more this year as fiscal deficits fall
The Indian economy will continue to be characterised by buoyant tax payments and lower government borrowings in 2007 too.