Current Affairs · Fitch Ratings India Sovereign Rating
Fitch Ratings evaluated India's sovereign credit profile, underscoring downside risks associated with debt reduction and nominal GDP growth reliance. Which of the following combinations correctly identifies the central government's long-term debt reduction target, the sovereign rating affirmed by Fitch, and the month and year since which this specific rating has remained unchanged?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Debt reduction to 55% (±1%) of GDP by FY31, a sovereign rating of 'BBB-', and unchanged since April 2014
- 2Debt reduction to 50% (±1%) of GDP by FY31, a sovereign rating of 'BBB', and unchanged since August 2006
- 3Debt reduction to 45% (±1%) of GDP by FY30, a sovereign rating of 'BBB+', and unchanged since August 2010
- 4Debt reduction to 50% (±1%) of GDP by FY31, a sovereign rating of 'BBB-', and unchanged since August 2006✓
Correct answer
Debt reduction to 50% (±1%) of GDP by FY31, a sovereign rating of 'BBB-', and unchanged since August 2006
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