News
Bacheli, Chhattisgarh , India
The financial services company and rating agency
Standard & Poor’s (S&P) has set targets to downgrade something once in
every few days. Its high level analysts are in a tremendous pressure to
downgrade some thing or some one.
After downgrading Indian economy last week, now it
has decided to downgrade Andhra Pradesh from its existing MMM rating to XXX
rating. “This sharp downgrade has been influenced by the recent bi-elections
held in Andhra Pradesh” said Mr. A.Satyanarayana Murthy, a senior analyst in
S&P team. This downgrade is so sharp that many Indian states have overtaken
A.P in the ratings. Bihar , with TTT rating is
now placed 3 slots above A.P.
“We have downgraded Andhra Pradesh from the earlier
MMM rating to XXX, as it is strongly felt that people in Andhra decide their
leaders, not according to their capacity to rule or their sincerity in public
life, but they vote with sympathy for the tears shed by a widow and a young
lady, who claims, against the general and true feelings of the whole world,
that her brother is innocent” a press release from S&P declared.
Upon probing deeper by our Saikorian correspondent
to elaborate, Mr. A.S.Murthy said “This rating is quite transparent and fair,
after we have learnt that around 60 crores of rupees have been confiscated
along with gold, silver and 3 lakhs cases of liquor during the recent elections
held in A.P. It is estimated that many hundreds of crores and liquor went
unnoticed and used.”
He continued “We conducted a detailed study of the
present state of affairs in Andhra Pradesh and found that there is no
governance in the state. The ministers are either afraid of going to jail or
being kicked in the butt by madam at Delhi
Mr. Kiran Kumar Reddy, the Chief Minister of A.P air
dashed to Delhi
The Chief Minister of Bihar refused to comment on
this latest development as he claimed that he always knew that Bihar is better than A.P.
A press release was sent from Chenchalaguda by YSR
Jagan, which said,” This downgrade would not have happened if either his father
was alive or if I am the Chief Minister of Andhra”
“They are
a bunch of useless people,” Mr.D.Subba Rao, the Governor of RBI concluded about
Andhra Pradesh, “With the natural resources, and hard working people we have expected
A.P to do better. But they have messed up their own state. They are themselves
to be blamed”
When asked by Saikorian news if S&P analyst
Mr.A.S.Murthy and Mr. D.Subba Rao, who both hail from A.P, if they don’t
consider themselves a part of the mess said. “No thankfully we are not, at
present” echoed both of them.
The following are the immediate fallouts of the
downgrade for A.P.
Kapil Sibal, who is facing a revolt form the IITs
to conduct a common entrance exam for all Engineering Colleges has declared
that he would now start a separate exam for all engineering seats called IIT-K
(K for Kapil). “After the downgrade, students from A.P shall not be in a
position to take part in the IIT-K” he said.
And finally, with so many M.Ps from A.P, it was
felt that the next president shall be from the state. But last night the
Congress Spokesman declared “Even though Mr. D.S.Kumar, a Saikorian and a noted
builder of repute was in the race for the post of the President, his name is
now dropped as the high command believes that it would send a wrong signal to
the world by having a President from a state with XXX rating.”
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