Fitch Retains India's Rating At Lowest Investment Grade With Stable Outlook

Fitch on Thursday retained sovereign rating at 'BBB-', the lowest investment grade, with stable outlook, saying a weak fiscal position continues to constrain its rating. This is the 13th year in a row that global rating agency Fitch has rated country at 'BBB-'. It had last upgraded country's sovereign rating from 'BB+' to 'BBB-' with a stable outlook on August 1, 2006.