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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (2294)	8/11/1998 11:45:00 AM
From: Mohan Marette	Read Replies (3) \| Respond to of 12475

Duff & Phelps downgrades the sovereign rating of India. Anil: I stand corrected. Duff & Phelps lowers India's sovereign rating Our Mumbai Bureau INTERNATIONAL credit rating agency Duff & Phelps Credit Rating Co on Monday downgraded the sovereign - foreign and local currency - rating of India by one notch each to below the investment grade. The foreign currency rating of India has been downgraded to 'BB plusus' (double-B-plus) from 'BBB minus' (triple-B-minus). However, the rating outlook has been kept at 'stable'. ... economictimes.com

To: Nandu who wrote (2294)	8/11/1998 9:29:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

Anil Tuesday, August 11, 1998 Pak gifted parts of PoK to China, says Fernandes PRESS TRUST OF INDIA CALCUTTA, Aug 10: Defence Minister George Fernandes today said Pakistan had 'gifted' parts of occupied Kashmir to China and the government was trying to engage in a dialogue on this. Addressing newsmen here after commissioning missile Corvette 'INS Kora', he was asked about his statement that parts of Kashmir were lying with China. He said ''we have got evidence'' of this and ''we are trying to engage in a dialogue.'' Stating that Pakistan was encouraging subversive activities in Kashmir, he said the Centre has taken up ''a well-thought out plan'' which is being implemented to tackle the situation. He said US sanctions would not affect India's defence research and hardware production.