FITCH UPGRADES INDIA TO ‘STABLE’ AS FOREIGN BOND INVESTMENT LIMIT RAISED

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June 17, 2013

JAKARTA - Fitch ratings has raised India's outlook to stable from negative while affirming its BBB- credit rating (one notch above investment grade). Fitch said it in part based its decision on the improvement to its outlook on India’s fiscal consolidation measures and progress in addressing structural hurdles to investment).