No immediate trigger for rating action in India: Fitch

MUMBAI (Reuters) - The pressure on Indian and Indonesian currencies and asset prices is not a trigger for rating action at this point, Fitch ratings said in note on Thursday.

"The ratings already incorporate both a recognition of vulnerabilities and some tolerance for volatility in market conditions," Fitch said in a note.

Fitch has a stable outlook on the 'BBB-' sovereign credit ratings it has for both India and Indonesia.

(Reporting by Shamik Paul; Editing by Richard Borsuk)

Published Date: Aug 23, 2013 05:15 AM | Updated Date: Aug 23, 2013 05:15 AM