Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Subbarao Says India Needs to Prepare for Any Credit Downgrade

Aug. 28 (Bloomberg) -- Reserve Bank of India Governor Duvvuri Subbarao said India needs to prepare for a downgrade in its credit rating.

“It is still possible that we’ll maintain this rating,” Subbarao said today in a speech at Cornell University in Ithaca, New York. “However, we need to prepare for” any downgrade and an outflow of investment.

“We have managed outflow in the past and we can manage,” he said. “Should our rating be downgraded, I think we’re quite prepared.”

To contact the reporters on this story: Freeman Klopott in Ithaca, New York at fklopott@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.