Fitch Ratings on Thursday revised India's outlook to 'negative' from 'stable', stating that the coronavirus pandemic has significantly weakened growth prospects for the year and exposed the challenges associated with a high public-debt burden. Earlier, Moody's had downgraded India's sovereign rating by to lowest investment grade of 'Baa2' for the first time in 22 years.

from Times of India https://timesofindia.indiatimes.com/business/india-business/fitch-ratings-revises-indias-outlook-to-negative-from-stable/articleshow/76438612.cms