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Fitch Keeps India’s Rating Unchanged At BBB-; No Change In Last 11 Years


Fitch, a US based rating agency kept India’s rating unchanged at BBB- citing weak fiscal position as a reason. The rating agency has continued to assign Indian debt the lowest investment grade rating with stable outlook; the same was assigned to Indian 11 years ago. Fitch indicated that India’s GDP will grow by 7.7% in fiscals 2017 and 2018 which would be a ... Read More »

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