Fitch sees dangers ahead for Indian credit rating

12/3/2012 | Reuters · Hindu (India), The

Looking ahead to the months before Indian elections in 2014, Fitch Ratings noted the temptation to ease fiscal policy as one danger, along with a slump in GDP, that could lead to a credit downgrade to junk status. Fitch noted India's strengths of a diverse economy and high savings rates but added that "India's track record of delivering on fiscal policy goals is not encouraging."

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Reuters · Hindu (India), The

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