Kerala scales up Fitch ratings yet again, becomes ‘BB Stable’

Thiruvananthapuram: As per the evaluation of the international rating agency Fitch, Kerala’s financial situation has improved over the years. Kerala is now rated as being ‘BB Stable’ while considering its financial stability.

In October last year, Kerala’s ratings had slipped to fall under the category of being ‘BB negative’. Now, Kerala has once again improved its ratings with better performance in terms of facing financial challenges and by improving on its debt repayment capacity.

According to Fitch, the financial trajectory of India as a whole and Kerala are moving in a positive direction despite being marred by the Covid pandemic in the previous years. On top of it, Kerala is expected to showcase a stable financial growth up until March, 2027. Finance minister KN Balagopal announced the latest Fitch ratings in a press conference.