Fitch Ratings China city New Delhi India pandemic economy Government Fitch Ratings China city New Delhi India

Border face-off should not distract from reforms: Fitch

Reading now: 314
www.livemint.com

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).

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA