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
- China should set lower 2015 GDP growth target of 6.5-7 pct - IMF
- One dead, one wounded in shooting in Chicago financial district
- Netanyahu vows to complete Gaza tunnels destruction
- U.S. says hopeful of WTO deal with India only hours before deadline
- UPDATE 3-Argentine assets drop after default, "credit event" in balance
The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed. Full Article
ONGC, Oil India bid $1.5 bln for stake in Murphy Oil's Malaysia assets - sources Full Article