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
- UPDATE 11-Total CEO de Margerie killed in Moscow as jet hits snow plough
- Indiana police charge suspect who may have killed for decades
- Pistorius starts five-year term for killing Reeva Steenkamp
- India warns Pakistan of more pain in Kashmir fighting
- Total CEO de Margerie killed in Moscow as jet hits snow plough
As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s. Full Article