Fitch analyst says 2013/14 budget won't impact Indian ratings

MUMBAI Thu Feb 28, 2013 6:53pm IST

Labourers work at the construction site of a residential complex in Kolkata February 22, 2013. REUTERS/Rupak De Chowdhuri

Labourers work at the construction site of a residential complex in Kolkata February 22, 2013.

Credit: Reuters/Rupak De Chowdhuri

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Sino-Indian Ties

REUTERS SHOWCASE

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Fed Policy Meeting

Fed Policy Meeting

Fed could hint on rate-hike plans as it prepares for policy turn  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Sugar Surplus

Sugar Surplus

India to produce surplus sugar for fifth straight year - industry body  Full Article 

Business Sentiment

Business Sentiment

China, Singapore slowdown weigh on Q3 Asia business sentiment   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage