Mumbai: Global rating agency Fitch on Tuesday reiterated its negative outlook on India’s sovereign credit rating, stating that elevated inflation levels, slowing growth and widening current account d

As India faces the prospect of being the first BRICS country to lose its investment-grade credit rating, investors have already delivered their verdict: to them, the country already trades at 'junk' w

Fitch Ratings, which recently lowered India's credit outlook to negative, has said that possibility of downgrading the country's sovereign rating is more than 50 per cent in the next 12-24 months.

"

Global ratings agency Fitch has cut the outlook for India's vast retail sector from stable to negative, saying consumer spending was at its weakest in seven years.

Hitting out at global rating firms for downgrading India's credit outlook, Corporate Affairs Minister Veerappa Moily on Wednesday said there was no 'economic tsunami' in the country and they should re

India is trying to press for a ratings upgrade with officials at Fitch Ratings agency, who are in New Delhi to take stock of the economy, a government official said on Thursday.

"We pitched for an up