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lead to easing in yields across tenors," she said.

 
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zhangsan520



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PostPosted: 12-11-2018 02:26:33    Post subject: lead to easing in yields across tenors," she said. Reply with quote

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Moody's Investors Service upgraded its ratings on India's sovereign bonds for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reform will boost the country's growth potential.


The agency said it was lifting India's rating to Baa2 from Baa3 and changed its rating outlook to stable from positive as risks to India's credit profile were broadly balanced.


Moody's upgrade, its first since January 2004 Nike Air Max 98 Ireland , moves India's rating to the second lowest level of investment grade. Standard & Poor's has kept India at the lowest investment grade just above junk status for a decade and Fitch Ratings for one year longer.


The decision by Moody's is a shot in the arm for Prime Minister Narendra Modi's government and the reforms it has pushed through, and comes just weeks after the World Bank moved India up 30 places in its annual ease of doing business rankings.


All Indian markets including stocks, bonds and rupee rallied on the ratings upgrade.


"It seems like Santa Claus has already opened his bag of goodies," said Lakshmi Iyer Cheap Nike Air Max 98 , head of fixed income at Kotak Mutual Fund said.


"The move is overall positive for bonds which were caught in a negative spiral. This is a structural positive which would lead to easing in yields across tenors," she said.


HAIKOU, Dec. 30 (Xinhua) -- A new stretch of high-speed railway (HSR) in Southern China's Hainan Province began operation on Wednesday, making it the world's first HSR to circle an island.


A bullet train set off from Haikou Nike Air Max 270 Ireland , the capital of the island province, at 9:40 a.m., to traverse the 345-km western track of the loop line, which links six counties to join the eastern track in Sanya City Cheap Nike Air Max 270 , a beach resort on the island's southern coast.


The western line has 16 stations. The first train finished the entire journey at 1:55 p.m..


The 308-km eastern part was put into operation at the end of 2010, linking Haikou to Sanya, with a designed speed of up to 250 km per hour. It passes Boao, a scenic town that is the site of the annual Boao Forum for Asia.


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