Government fiscal prudence supports credit ratings: Fitch

Jan 13 2014, 15:37 IST
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Next government's policy strategies will be important to determine the India's future sovereign ratings., says Fitch. Next government's policy strategies will be important to determine the India's future sovereign ratings., says Fitch.
SummaryFitch has rated India 'BBB-minus' with a 'stable' outlook.

The government is maintaining fiscal discipline before the 2014 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.

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