Fitch Retains India's Rating at 'BBB-' on Robust Growth

FITCH RATINGS ON Monday retained India's sovereign credit rating at 'BBB-' with a stable outlook on robust growth and external finances.

- PRESS TRUST OF INDIA

The proposed 50% US tariffs on India pose a moderate downside risk to its 6.5% GDP growth forecast for the current fiscal, the agency said.

"India's economic outlook remains strong relative to peers, even as momentum has moderated in the past two years," Fitch said, adding the ratings are supported by its robust growth and solid external finances.

'BBB-' is the lowest investment-grade rating and comes within a fortnight of another global rating agency S&P upgrading India's credit rating by a notch to 'BBB'. This was S&P's first upgrade for India in over 18 years.