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    • India's sovereign rating may be in question: Fitch Ratings

      Art Woo, Director-Fitch Asia Sovereign Ratings, Fitch Ratings says the political struggle to pull in more votes may hinder the government's efforts at expenditure restraint; it may not succeed in curbing fiscal deficit. He said India's sovereign rating may be in question if fiscal deficit worsens.

    • Easing inflation a positive, growth challenges loom: Fitch

      Art Woo, Director, Fitch Asia Sovereign Ratings says the rating agency acknowledges the moves by the Indian government to address the fiscal deficit problem. Woo says there has been a structural shift in the economy, though it is early to judge the reform measures initiated by the government.

    • Budget 2013: Is Chidambaram's tax googly beneficial to foreign investors

      Although, market expectations were quite high, the Finance Minister failed to deliver and presented an average budget which did not excite investors much. In a panel discussion with CNBC-TV18, Art Woo, Director – Asia, Sovereign Ratings, Fitch Ratings believes P Chidambaram‘s assessment of the fiscal deficit is modestly encouraging.

    • Downgrade threat reflects fiscal deficit concerns: Fitch

      Fitch Ratings, which had lowered India's credit outlook to negative from stable on June 15, 2012, has said that possibility of downgrading the country's sovereign rating is more than 50% in the next 12-24 months.

    • India's economic prospects have weakened: Fitch Ratings

      Fitch Ratings has revised India's outlook to negative from stable. In an interview to CNBC-TV18, Art Woo, director of Fitch Ratings says, India‘s economic and fiscal prospects have weakened.

    • Fitch revises India's outlook to negative; affirms 'BBB-'

      Fitch Ratings has revised India's outlook to negative from stable. Its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) have been affirmed at 'BBB-' and Short-Term Foreign Currency at 'F3'. India's Country Ceiling is also affirmed at 'BBB-'.

    • Rupee falls further, tests 56 mark

      The rupee weakened further on Monday to hit a near one-week low against the dollar after Fitch Ratings cut India's sovereign outlook to "negative" from "stable", but affirmed the country at "BBB-", the lowest investment-grade rating.

    • Growth, budget deficit make Fitch Ratings flinch on India

      Art Woo, Director, Asia Sovereign Ratings at Fitch Ratings says India's big headache right now is its growth story and spiraling out of control budget deficit.

    • Why has Fitch Ratings cut our FY12 GDP from 8.3% to 7.7%?

      Fitch Ratings has downgraded India's FY12 GDP estimate for the current year from 8.3% to 77%. They find that growth is going through a relatively soft patch but they are fairly positive on the medium-term GDP growth trajectory which it has pegged at 8%.

    • Deficit goal doable and in realistic range: Fitch Ratings

      Art Woo, Director, Asia Sovereign Ratings, Fitch Ratings, in an interview on CNBC-TV, spoke about India’s 4.6% of GDP target and how he views the number given by the finance minister.

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