Friday, August 23, 2013
The Markets have Discounting Mechanism , they discount Ratings Downgrades
What are the chances of India's ratings downgrade?
Marc Faber : It is quite likely. Indian companies have fair amount of dollar liabilities and the weakness of the rupee only increases the interest payments. Yes, it's quite likely that the ratings downgrade will happen. But the markets have discounting mechanism and they have discounted it. - in ET Now
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.