Fitch retains India’s BBB- rating for 20th year, sees 6.4% GDP growth
Fitch Ratings has retained India’s sovereign credit rating at BBB- for the 20th straight year, citing a robust growth outlook. The agency has forecast India’s GDP growth at 6.4%. Fitch also flagged fiscal risks arising from youth protests over jobs, even as it maintained the investment-grade rating and its stable assessment of the economy.
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A major rating agency reaffirms India’s investment-grade sovereign rating.
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- Rating held at BBB- for the 20th straight year
- GDP growth forecast at 6.4%
- Fiscal risks from youth jobs protests flagged
- Rating agency: Fitch Ratings
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