As far as investment by foreigners is concerned India has already attained 'junk' status. We do not need any external rating agency to tell us that we have fared poorly in recent times. It is in evidence all over. Constant & heavy price hikes,rampant corruption & the state of being 'rudderless'- are these things new to us ? No. We know we are bad. The only problem is are we going to end up being so ?