Fitch has maintained the long term rating of India at BBB- in 2013 but revised to outlook in 2013 to Stable from Negative in 2012. India had negative outlook in May 2001 and post that it was stable till 2012 when the outlook was revised again to negative. Stable outlook should provide some relief to fast depreciating rupee and help in getting some flows in debts and equity.
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Hi,
ReplyDeleteJust correct the date. Its 12 June 2013, not 12 June 2012.
Thanks,
Sekhar,
9885555008
Corrected.... Thanks for pointing it out...
ReplyDelete