Fitch Ratings on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
India's ratings are supported by its robust growth and solid external finances, Fitch said in a press release. "A strengthening record on delivering growth with macro stability and improving fiscal credibility should drive a steady improvement in its structural metrics, including GDP per capita, and increase the likelihood that debt can trend modestly downward in the medium term."
US tariffs are a moderate downside risk to our forecast, but are subject to a high degree of uncertainty, said the rating agency. The Trump administration is planning to impose a 50% headline tariff on India by 27 August.
India's ratings are supported by its robust growth and solid external finances, Fitch said in a press release. "A strengthening record on delivering growth with macro stability and improving fiscal credibility should drive a steady improvement in its structural metrics, including GDP per capita, and increase the likelihood that debt can trend modestly downward in the medium term."
US tariffs are a moderate downside risk to our forecast, but are subject to a high degree of uncertainty, said the rating agency. The Trump administration is planning to impose a 50% headline tariff on India by 27 August.
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