On 9th May 2023, Global agency Fitch Ratings affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook. India’s rating marks strengths from a robust growth outlook compared with peers and resilient external finances.
- India is expected to be one of the fastest-growing Fitch-rated sovereigns globally at 6% in the fiscal year ending March 2024 (FY24).
Fitch Ratings –
- CEO: Paul Taylor (2 Apr 2012–)
- Revenue: 170 crores USD
- Founder: John Knowles Fitch
- Subsidiary: Fitch Rating Colombia S.A. SCV
- Founded: 24 December 1913, New York, United States
- Headquarters: New York, United States
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