Coronavirus Outbreak: India's rating could come under pressure if fiscal outlook deteriorates, says Fitch
Fitch Ratings on Tuesday said India's sovereign rating could come under pressure if there is further deterioration in fiscal outlook as a result of lower growth or fiscal easing
Fitch retains India rating at 'BBB-' with stable outlook; says country's medium-term growth potential is strong
The Fitch review for annual sovereign rating follows India's rating upgrade by Moody's after a gap of 14 years. S&P had retained the earlier rating.
In the opening session, the 30-share benchmark BSE index shoot up 414 points at one point
Arun Jaitley on Moody's India rating upgrade took a dig at detractors Narendra Modi government saying they should introspect
Sensex zooms 414 points to 33,521; Nifty races past 10,300 as Moody's ups India's sovereign rating to Baa2
At BSE, SBI rallied 2.94 percent while private peers ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank soared up to 3.07 percent