NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » Budget won't impact Indian ratings: Fitch

Budget won't impact Indian ratings: Fitch

Last updated on: February 28, 2013 19:35 IST

Fitch Ratings sovereign analyst Art Woo said on Thursday the 2013-14 budget will not impact India's sovereign ratings, although the country could find it challenging to meet its fiscal deficit target of 4.8 percent for the next fiscal year.

Woo told Reuters Fitch continues to maintain its "negative" outlook and India's "BBB-minus" rating.

"I wouldn't say it's unrealistic. I think it's just going to be challenging," said Art Woo in a phone interview, referring to India's fiscal deficit target of 4.8


(Additional reporting by Shamik Paul)

Speak to experts on Live Chat!

Union Budget, as it unfolded on February 28

Complete coverage: Union Budget 2013-14

Budget Impact Live!

Neha Dasgupta in Mumbai
© Copyright 2018 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.