Fitch Affirms India at 'BBB-'; Outlook Stable

April 9, 2015 11:09 AM

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(The following statement was released by the rating agency) HONG KONG, April 09 (Fitch) Fitch Ratings has affirmed India's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-'.

The issue ratings on India's senior unsecured foreign and local currency bonds are also affirmed at 'BBB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at 'BBB-' and the Short-Term Foreign Currency IDR at 'F3'. KEY RATING DRIVERS Affirmation of India's IDRs reflect...

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