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Rating assessment of India focused on medium-term debt trajectory: Fitch

"We view the persistent level of core inflation and energy price developments, along with global price pressures, as carrying upside risk for our inflation outlook," said Zook,.

Jeremy Zook
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"Our rating is highly dependent on the medium-term outlook," said Jeremy Zook.

Indivjal Dhasmana New Delhi
Fitch Ratings' Director, Asia-Pacific Sovereigns, Jeremy Zook tells Indivjal Dhasmana that the agency's move to retain India's ratings at the lowest investment grade and outlook at negative is based on its medium-term debt trajectory and the potential of government policies to reduce it. Edited excerpts:

Don't you think Fitch is an outlier since it still has a 'negative' outlook on India's ratings against 'stable' by S&P and Moody's?

Our rating action commentary reflects Fitch Ratings’ credit views; we do not comment on the ratings of other agencies.

India's high debt and huge fiscal deficit are due to exceptional conditions emanating

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First Published: Nov 18 2021 | 1:46 PM IST

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