Fitch affirms India's sovereign rating on robust growth outlook, flags weak finances

New Delhi: Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge.

India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August



2006.

"Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.