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S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state

Business Standard LogoBusiness Standard4 mo ago

S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state - Business Standard

Quick Summary:

The state's long-term planning and level of transparency and disclosure compare favorably with those of domestic peers.

Kerala's large deficits resulting from spending on socio-economic programmes constrain the ratings for the state.

Its after-capital-account deficit could average about 38.5 per cent of total adjusted revenue over the same period, after spiking to 49.6 per cent in fiscal 2021," said S&P.


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Article Details

Author / Journalist: Abhijit Lele

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 21:23:00 (4 months ago)

News Timezone: GMT +5:00

Ranking: #1882 (out of 3348 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 622567

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 106 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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