View on S&P rating - Gautam Trivedi - Religare Capital Markets

View on the Standard & Poor's Ratings Services by Mr.Gautam Trivedi - Managing Director & Head of Equities, Religare Capital Markets Ltd.

"While this is incrementally negative for the Indian rupee and Capital flows (Portfolio and Direct), we believe the rating remaining at investment grade contains the damage. Had a rating downgrade (to non-investment grade—Junk) happened, it would be far more negative, since it would escalate funding costs for Indian firms abroad, and preclude some FIIs to access local debt and equity markets."

Source : Equity Bulls

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