Fitch affirms India’s rating for 13th year in a row at BBB-

Fitch affirms India’s rating for 13th year in a row at BBB-

• Rating agency Fitch has retained India’s sovereign rating at ‘BBB-‘ with stable outlook. BBB- is the lowest investment grade.

• This is the 13th year in a row that global rating agency Fitch has rated India at ‘BBB-‘. GDP growth rate for India as per Fitch in FY20 is 6.8% and for that in FY21 is 7.1%.

Points to remember

1. Sovereign rating of Indias as per fitch? (Such a question was asked in RRB PO once)
2. GDP growth rate prediction for India as per Fitch