Fitch Ratings on Friday kept India's credit worthiness indicated by its Long-Term Foreign-Currency Issuer Default Rating (IDR) unchanged at 'BBB-' stating that Indias growth outlook was stable. Fitch expects India's growth to slow to 4.6 per cent per cent in the financial year ending March 2020 (FY20), from 6.8 per cent in FY19, which is still higher than the 'BBB' median of 2.8 per cent.
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Watch India's growth outlook still strong compared to peers: Fitch With HD Quality.
Fitch Ratings on Friday kept India's credit worthiness indicated by its Long-Term Foreign-Currency Issuer Default Rating (IDR) unchanged at 'BBB-' stating that Indias growth outlook was stable. Fitch expects India's growth to slow to 4.6 per cent per cent in the financial year ending March 2020 (FY20), from 6.8 per cent in FY19, which is still higher than the 'BBB' median of 2.8 per cent.
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Watch India's growth outlook still strong compared to peers: Fitch With HD Quality
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Fitch Ratings has upwardly revised its forecast for India's economic growth to 7.8 per cent from 7.4 per cent for the current financial year ending in March 2019, it said in a statement on Friday. 'The economic outlook is subject to several headwinds including tightening of financial conditions, a rising oil bill and weak bank balance sheets,' the statement added. (Text: Reuters)
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