India reiterates pitch for sovereign rating upgrade to Fitch

Fitch has a BBB-, the lowest investment grade sovereign rating on India, with a stable outlook.

The Indian government reiterated its pitch for a sovereign rating upgrade to Fitch, citing strong macro economic fundamentals, said a finance ministry official after a meeting with the global rating agency on Wednesday.

A sign sits on the glass wall of financial ratings agency Fitch Ratings in the Canary Wharf business district in London, U.K. on Monday. (Jason Alden/Bloomberg)

Fitch has a BBB-, the lowest investment grade sovereign rating on India, with a stable outlook.