June 6, 2024 11:57 AM

Fitch maintains India’s rating at BBB-Stable, as coalition govt takes shape at centre

Fitch Ratings has maintained its assessment of India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results. The affirmation of India's rating highlights Fitch's confidence in the nation's economic resilience and potential for growth, even in the face of political fragmentation. Traditionally, coalition governments are perceived as unstable, often leading to slower policy implementation an...