Growth worries weigh on India’s sovereign rating

The country has the lowest investment grade rating with a negative outlook from all three major global agencies — S&P, Fitch and Moody’s. Another downgrade would push the rating below investment grade. “India has the highest debt ratio of Fitch-rated ‘BBB’ EM sovereigns at around 90% of GDP, and has limited fiscal headroom,” said Jeremy Zook.

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