The Finance Ministry today made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence.
Asserting that foreign investors are convinced about growth potential here, global ratings major Fitch's Indian unit chief says that much of the investments would start pouring in after general elections.
India needs to commit to its recent reform measures and meet its fiscal deficit targets, Fitch Ratings said on Monday, putting further pressure on a government keen to retain investment
The United States faces a "material risk" of losing its triple-A status if there is a repeat of the wrangling seen in 2011 over raising the country's self-imposed debt ceiling,
Fitch Ratings reiterated on Tuesday its "negative" outlook on India's sovereign credit rating, citing concerns about slowing economic growth, persistent inflationary pressures and an uncertain fiscal outlook.
The comments from
Ratings firm Fitch said on Wednesday it is more likely to strip the United States of its triple-A status if a political deal is not reached to halt $600 billion
Policy slippages and decline in growth trend could lead to downgrading of India's credit rating, global agency Fitch said today while projecting 6 per cent growth in the current fiscal.
The credit ratings agency Fitch downgraded today debt issued by eurozone member Cyprus by two notches, from "BB+" to "BB-" and said the outlook was negative, which means it could
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