Fitch keeps India's rating unchanged for 12th year in a row
Fitch Ratings on Thursday retained India's sovereign rating at the lowest investment grade of 'BBB-' with a stable outlook, same as that of Standard and Poor's. Fitch last upgraded India's rating from BB+ to BBB- with a stable outlook in 2006. The rating agency said a weak fiscal position and risks from problems in the banking sector constrain the ratings. 