Fitch reiterates negative outlook on India’s sovereign credit rating

Citing high rate of inflation, slowing growth and soaring current account deficit, global ratings agency Fitch has reiterated its negative outlook on India’s sovereign credit rating. Fitch praised Indian government’s initiatives like opening up multi-retail and some other sectors to foreign investors, but it expressed concerns over `execution risk’ given the country’s pitiable track record of executing policy decisions. read more

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Citing high rate of inflation, slowing growth and soaring current account deficit, global ratings agency Fitch has reiterated its negative outlook on India’s sovereign credit rating. Fitch praised Indian government’s initiatives like opening up multi-retail and some other sectors to foreign investors, but it expressed concerns over `execution risk’ given the country’s pitiable track record of executing policy decisions. read more

[via Stock Watch – Stock Specific News]

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