Fitch cuts down on India’s credit rating outlook

Published: June 19, 2012

imageAfter Standard and Poor’s another global rating agency Fitch degraded India’s credit rating outlook to negative. As per Fitch:

  • corruption, inadequate reforms, high inflation and slow growth are major reasons behind the fall in ratings
  • sluggish growth and rising inflation in combination with corruption and lack of economic reforms are major the deteriorating agents
  • the economic outlook may further deteriorate if structural reforms are not quickly introduced, including measures to improve the efficaciousness of the government and create a conducive operational environment investments

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