Fitch analyst says 2013/14 budget won't impact Indian ratings
MUMBAI (Reuters) - Fitch Ratings sovereign analyst Art Woo said on Thursday the 2013/14 budget will not impact India's sovereign ratings, although the country could find it challenging to meet its fiscal deficit target of 4.8 percent for the next fiscal year.
Woo told Reuters Fitch continues to maintain its "negative" outlook and India's "BBB-minus" rating.
"I wouldn't say it's unrealistic. I think it's just going to be challenging," said Art Woo in a phone interview, referring to India's fiscal deficit target of 4.8 percent.
(Reporting by Neha Dasgupta; Additional reporting by Shamik Paul; Editing by Anand Basu)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Mumbai hit by big power cuts after technical glitch at Tata Power unit
- Japan and India vow to boost defence ties during summit
- Sensex surges past 27,000 to third consecutive life high
- Putin comment on "taking Kiev in 2 weeks" taken out of context - aide
The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy. Full Article