Monday, July 15, 2013

Fitch revises India's rating outlook to 'stable'

Almost a year after downgrading India's credit rating outlook to 'negative', global rating agency Fitch has again given it a 'stable' rating. This upward revision in the outlook is mainly because of a lower-than-estimated fiscal deficit and some reform initiatives by the Government. The current rating is just one level above 'junk bond' status.

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