InvestorQ : Will the Fitch downgrade of India outlook have a negative impact on India?
Juvina Maggie made post

Will the Fitch downgrade of India outlook have a negative impact on India?

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Angel dcosta answered.
4 months ago
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Fitch downgraded the outlook on India's sovereign debt from stable to negative and affirmed the rating at BBB-, the lowest investment grade. Now Moody’s and Fitch have assigned India the lowest investment grade with negative outlook. S&P, on the other hand, has retained India as the lowest investment grade but retained the outlook at stable. Fitch also expects full year GDP for FY21 to contract by 5%.

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