Fitch India Rating: BBB- with Stable Outlook Retained
Why in the news
Fitch left India’s rating unchanged at the lowest investment grade, praising growth but warning on public finances.
Key facts
- Rating: BBB- (lowest investment grade), affirmed; outlook: stable.
- Positives: growth outlook, external finance, better macro stability record despite the energy shock.
- Negatives: deficits, debt and debt service stay high versus peers; governance indicators and GDP per capita lag.
- Side risk: NEET paper-leak protests hint at youth job worries.
Ratings of India by agency
| Outlook (all stable) | Grade | Agency |
|---|---|---|
| Stable | BBB | S&P Global Ratings |
| Stable | BBB | Morningstar DBRS |
| Stable | Baa3 | Moody’s |
| Stable | BBB- | Fitch |
Exam angle
- Fitch grade: BBB-; Moody’s equivalent: Baa3.
- Related terms: sovereign rating, investment grade.