Fitch affirms India's rating at 'BBB-'; maintains stable outlook

Global agency Fitch Ratings on Tuesday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook.

India's rating reflects strengths from a robust growth outlook compared with peers and resilient external finances, which have supported India in navigating the large external shocks over the past year, the New-York based rating agency said.

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