NEW DELHI : Fitch Ratings on Monday said though the recent tensions on India’s border do not pose an immediate threat to the country’s sovereign rating, it should not distract the government from undertaking economic reforms.“Most recent (border) situation in India does not impact its credit profile immediately.
However, to what extent the government will be distracted by these events from economic reforms is a question," analysts of Fitch Ratings said at a webinar after the rating agency revised its outlook for India to negative from stable last week, while keeping the sovereign rating unchanged at the lowest investment grade.In the bloodiest clash in 45 years, security forces of China and India clashed on the Line of Actual Control (LAC).