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General govt debt is high, it hasn't changed: Fitch Ratings' McCormack

Fitch Ratings retained India's sovereign rating at BBB-, the lowest investment grade rating last week

Fitch Ratings managing director and global head James McCormack
Fitch Ratings managing director and global head James McCormack

In the midst of a heated debate between the central government and the Reserve Bank of India, Fitch Ratings retained India’s sovereign rating at BBB-, the lowest investment grade rating last week. Ishan Bakshi speaks to JAMES MCCORMACK, managing director and global head — Sovereign & Supranational Ratings, Fitch Ratings, to understand the rationale for the rating decision as well the ongoing discussions between the government and the RBI There has been a heated debate between the Reserve Bank of India (RBI) and the government over the past few weeks on several issues. ...