Fitch Affirms India’s BBB- Rating With Stable Outlook
Fitch Ratings affirmed India’s long-term foreign-currency debt rating at BBB-, the lowest investment-grade rating. It also affirmed India’s long-term issuer default rating at BBB-. Fitch said the rating reflects India’s strong growth prospects and robust external financing fundamentals. High growth should also help structural credit metrics continue to improve, increasing the likelihood that government debt will trend downward. The report said structural indicators, including governance measures and GDP per capita, lag behind those of peers and constrain India’s rating.
Fitch Ratings affirmed India’s long-term foreign-currency debt rating at BBB-, the lowest investment-grade rating.
It also affirmed India’s long-term issuer default rating at BBB-.
Fitch said the rating reflects India’s strong growth prospects and robust external financing fundamentals. High growth should also help structural credit metrics continue to improve, increasing the likelihood that government debt will trend downward.
The report said structural indicators, including governance measures and GDP per capita, lag behind those of peers and constrain India’s rating.
It also affirmed India’s long-term issuer default rating at BBB-.
Fitch said the rating reflects India’s strong growth prospects and robust external financing fundamentals. High growth should also help structural credit metrics continue to improve, increasing the likelihood that government debt will trend downward.
The report said structural indicators, including governance measures and GDP per capita, lag behind those of peers and constrain India’s rating.