HomeNewsEconomyFitch affirms India's rating at 'BBB-'; maintains stable outlook

Fitch affirms India’s rating at ‘BBB-‘; maintains stable outlook

On 9th May 2023, Global agency Fitch Ratings affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook. India’s rating marks strengths from a robust growth outlook compared with peers and resilient external finances.

  • India is expected to be one of the fastest-growing Fitch-rated sovereigns globally at 6% in the fiscal year ending March 2024 (FY24).

Fitch Ratings –

  • CEO: Paul Taylor (2 Apr 2012–)
  • Revenue: 170 crores USD
  • Founder: John Knowles Fitch
  • Subsidiary: Fitch Rating Colombia S.A. SCV
  • Founded: 24 December 1913, New York, United States
  • Headquarters: New York, United States

Also Read – “Droupadi Murmu: From Tribal Hinterlands to Raisina Hills” Book by Kasturi Ray

Latest News