NEW DELHI: Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from a robust growth outlook and still-resilient external finances.
Fitch, however, expects a modest fiscal slippage in current financial year with central government fiscal deficit at 6.6 per cent of GDP against 6.4 per cent pegged in Budget, due to higher food and fertiliser subsidies.
