Government fiscal prudence supports credit ratings: Fitch

The government is maintaining fiscal discipline before the general elections, which is supporting the country's credit ratings, a Fitch Ratings analyst said on Monday.

"I think the authorities generally have resisted the temptation to engage in fiscal pump-priming ahead of the elections this year, which is supportive for the credit profile," said Andrew Colquhoun, Head of Asia-Pacific Sovereign Ratings for Fitch Ratings, said in a teleconference.

Colquhoun added the ratings agency will assess the next government's policy strategies will be important to determine the country's future sovereign ratings.

Fitch has rated India "BBB-minus" with a "stable" outlook.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The Constitution defines complimentary roles for executive and judiciary

    For avid constitutionalists, it is important to remember that while the executive and the judiciary constitute two major pillars of any democratic ord

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Hong Kong’s democratic dilemma

The 19th and 20th centuries were very unkind to China. ...

Parvez Imam

Does a piece of paper define your identity?

Papers are not papers, after all! Just like you are ...

Bubbles Sabharwal

The importance of looking at the bright side

Now here’s the thing. When your body defies gravity, it ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture