Govt's 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," Andrew Colquhoun, Head of Asia-Pacific Sovereign Ratings for Fitch Ratings, said in a teleconference.

Colquhoun added the next government's policy strategies will be important to determine the country's future sovereign ratings.

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