Sovereign Credit Rating Current Affairs, GK & News

Fitch retains India's sovereign rating at 'BBB-' with 'stable' outlook

Global credit rating agency Fitch has kept India’s sovereign rating unchanged at ‘BBB-‘ with stable outlook. This rating is at junk bond or lowest investment grade with stable outlook. A rating upgrade changes profile of country and makes it attractive to investors. In 2017, Moody’s had upgraded India’s rating (to Baa2 from Baa3) after gap ..