by Admin 2012-12-04 | Like 3 |3221 Views

Fitch warns of India rating downgrade

Fitch warns of India rating downgrade

in the run-up to 2014 general elections and declining growth could result in India\'s rating downgraded to below the investment level, global agency Fitch warned on Monday, pegging GDP growth for the current financial year to 6 per cent.

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Global ratings agency Standard & Poor’s reiterated on Wednesday that there was a significant chance that India’s credit rating may be lowered if its external position deteriorated, political climate worsened or fiscal reforms slowed.

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The Rajiv Gandhi International Airport (RGIA), operated by GMR Hyderabad International Airport Ltd (GHIAL), has been awarded the prestigious 5-star rating by the British Safety Council for its health and safety management system.

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