FM's kitchen sinking can invite a rating downgrade, warns Nomura

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FM's kitchen sinking can invite a rating downgrade, warns Nomura

By

Amit Mudgill

, ETMarkets.comLast Updated: Feb 02, 2021, 10:37 AM IST

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Nomura had earlier estimated the gap at 6.8 per cent for FY21 and 5.3 per cent for FY22.

Of the two rating agencies with a negative outlook for India, we believe the Budget may have increased the probability of a downgrade by Fitch, Nomura said.

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