Single assessment different conclution!
Fitch retains BBB- grade, negative outlook for India’s sovereign rating Fitch said India could face a rating downgrade if it fails to put the government debt/GDP ratio on downward trajectory. REUTERS 3 min read . 17 Nov 2021 Asit Ranjan Mishra The negative outlook reflects uncertainty around the medium-term debt trajectory, Fitch said Listen to this article Fitch Ratings on Tuesday reaffirmed its lowest investment grade (BBB-) sovereign rating for India with negative outlook holding that the country’s rating balances a still-strong medium-term growth outlook and external resilience from solid foreign-reserve buffers, against high public debt, a weak financial sector and some lagging structural issues. The rating action by Fitch maintaining the negative outlook will disappoint the government since only last month, Moody’s Investors Service had upgraded India’s sovereign credit rating outlook to stable from negative while keeping its credit rating unc...


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