Fitch Ratings unexpectedly raised India’s sovereign foreign and domestic currency ratings to investment grade on Tuesday.
The agency cited progress in fiscal consolidation as a key factor in prompting the upgrade.
By Jo Johnson in New Delhi
Published: August 1 2006 16:26 | Last updated: August 1 2006 21:59
Fitch Ratings unexpectedly raised India’s sovereign foreign and domestic currency ratings to investment grade on Tuesday.
The agency cited progress in fiscal consolidation as a key factor in prompting the upgrade.