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India in talks for higher rating with Fitch: Official

India in talks for higher rating with Fitch: Official
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First Published: Thu, May 17 2012. 12 23 PM IST

Updated: Thu, May 17 2012. 12 23 PM IST
New Delhi: India is trying to press for a ratings upgrade with officials at Fitch Ratings agency, who are in New Delhi to take stock of the economy, a government official said on Thursday.
“We pitched for an upgrade,” a finance ministry official, told reporters after the meeting.
The Fitch visit came a day after the rupee tumbled to a record low against the dollar, as risk aversion in global markets added pressure on a currency already under fire from the country’s weak current account and fiscal deficits.
In April, Standard & Poor’s downgraded the outlook for India to negative from stable, citing poor fiscal health and deteriorating economic indicators.
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First Published: Thu, May 17 2012. 12 23 PM IST
More Topics: Fitch | Rating | Rupee | Currency | Trading |
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