India’s foreign, local currency IDRs affirmed at ‘BBB-‘, outlook stable – Fitch – Forbes. MUMBAI (Thomson Financial) – Fitch Ratings said it has affirmed India’s foreign and local currency issuer default ratings (IDR) at ‘BBB-‘ with a stable outlook on the country’s strong growth, reinforced by strong net capital inflows and further advances in its external solvency and liquidity indicators. Fitch said strong growth and faster reform will be critical while fiscal consolidation also needs to remain at the forefront, if the country has to progress on the provision of basic infrastructure, banking sector reform and further opening up of the balance of payments capital account. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more
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