Fitch affirms India sovereign ratings, flags difficult fiscal consolidation path |
[ NEW DELHI: Global ratings agency Fitch on Tuesday affirmed India’s long-term foreign currency issuer default ratings at ‘BBB-‘ with a stable outlook, but flagged that the country’s weak public finances were the “largest constraint” to the rating.Fitch expects the federal government to achieve its fiscal deficit target of 5.9% of gross domestic product in … Read more
