India's rating could come under pressure if fiscal outlook worsens: Fitch

Fitch had in December 2019 reaffirmed India's 'BBB-' rating with a stable outlook

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. The statement comes amid reports of further fiscal easing to support growth over the extended coronavirus lockdown.

"The assessment of India's rating in such a case would be guided by our judgement of its probable medium-term fiscal path in the post-crisis environment," it said. Further deterioration in the fiscal outlook as a result of lower growth or fiscal easing could pressure the sovereign rating in light of the limited fiscal headroom