‘Which math model has S&P used to project ratings downgrade?’
6 Sept 2013 4:05 AM IST
India on Wednesday dismissed the latest projection by Standard & Poor’s that there was a more than one-in-three chance of ratings downgrade for the country in the next one to two years, saying there was ‘no chance’ of this prospect.
Economic Affairs secretary Arvind Mayaram while giving India’s assessment of the S & P projection said the country has taken several measures to stabilise the economy despite the turmoil in the global economy.
He also wondered which mathematical model was relied upon by S&P to come to the statistical conclusion of a potential downgrade.
Economic Affairs secretary Arvind Mayaram while giving India’s assessment of the S & P projection said the country has taken several measures to stabilise the economy despite the turmoil in the global economy.
He also wondered which mathematical model was relied upon by S&P to come to the statistical conclusion of a potential downgrade.
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