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Fitch downgrades India’s credit outlook to negative

India faces an "awkward combination" of slow growth and elevated inflation as well as structural challenges surrounding its investment climate in the form of corruption and inadequate economic reforms, Fitch Ratings said.

Fitch downgrades public telecos and new telecos outlook

Global rating agency Fitch today downgraded its outlook for the new entrants in the domestic telecom sector as well as the public sector telcos for 2010.