Fitch affirms India's sovereign rating on robust growth outlook

Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, owing to the country's strong growth potential and resilient external finances. The agency predicts India to be one of the fastest-growing rated sovereigns globally at 6% this fiscal year, driven by robust investment prospects.

May 9, 2023 - 09:30
Fitch affirms India's sovereign rating on robust growth outlook
Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, owing to the country's strong growth potential and resilient external finances. The agency predicts India to be one of the fastest-growing rated sovereigns globally at 6% this fiscal year, driven by robust investment prospects.