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'India deserves a ratings upgrade,' Aberdeen calls
Add BT as a preferred sourcePublished Mon, Jan 23, 2017 · 09:50 PM
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Mumbai
INDIA trailing Spain on the sovereign ratings tables makes no sense to Aberdeen Asset Management Plc, which calls the delay in acknowledging the Asian economy's improving outlook staggering.
With India "isolated" and less threatened by possible protectionist measures by US President Donald Trump, Aberdeen is overweight on the country and its local companies, said Hugh Young, the firm's Singapore-based Asia managing director, who helps oversee assets of US$400 billion.
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