Government fiscal prudence supports credit ratings: Fitch

The government is maintaining fiscal discipline before the general elections, which is supporting the country's credit ratings, a Fitch Ratings analyst said on Monday.

 

"I think the authorities generally have resisted the temptation to engage in fiscal pump-priming ahead of the elections this year, which is supportive for the credit profile," said Andrew Colquhoun, head of Asia-Pacific sovereign ratings for Fitch Ratings, said in a teleconference.

 

Mr Colquhoun added the ratings agency will assess the next government's policy strategies, which will be important to determine the country's future sovereign ratings.

 

Fitch has rated India 'BBB-minus' with a 'stable' outlook.

 

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