India, On The Scale Of 'Standard & Poor's'

Well, most of you are on this page seeking some spicy news for standard of poor or something like that. As all of our news channels orgasm the news of presidential election in our country, I don't think many of us, the mango man, know about the report of 'Standard & Poor's' about India. Because its not a headline.

So before this post turn out to be an overhead bouncer ( which is declared as a wide ball) for you all, let me give a brief description of what 'Standard & Poors' is.

The 'Standard & Poors' (S&P) is an American financial services company which is a division of the McGraw Hill companies. The company is well known for its stock market indices and publishes financial research and analysis on stocks.

 As a credit rating agency it issues ratings for the debt of public and private corporations. The grades are awarded viz AAA, BBB, CCC upto D. In its latest report, India has downgraded to grade BBB which means adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the India to meet its financial commitments. In its report S&P further warned India that it may lose its rank in upcoming months because of its poor public finance.

 That means our economy is on downfall and if this continues without any stumble inbetween we will have to face much higher costs in future for borrowing and its credibility won't be much high. Thus few lender will prefer investing in our market.

 But lets cut the crap short, the breaking news is our finance minister enjoying tracking on 'Raiseena Hill' for post of president. That what we care about. Right?

Rohit Yadav