Fitch ratings raises currency outlook to stable
Fitch Ratings today raised India's local currency outlook to 'stable' from 'negative', forecasting a fall in the government debt ratio on the back of strong economic growth and the one-off positive impact of telecom spectrum auctions.
Effective as of July 11, 2011, Fitch Ratings affirms Salta Hydrocarbon Royalty Trust's global scale foreign currency rating for its USD$234 million targeted amortization notes at 'B'.