New Delhi, April 21 -- Significant foreign ownership can support the credit profiles of Indian financial institutions by providing long-term capital, funding flexibility, and, in some cases, improved governance standards, Fitch Ratings said on Tuesday.
However, the agency cautioned that foreign shareholding alone is not a reliable indicator of stronger credit fundamentals. It noted that transactions leading to better internal controls, risk management and leadership accountability are more relevant for credit assessment than those driven purely by financial investment, according to PTI.
Rising Investor Confidence in India
Fitch highlighted that the growing interest from foreign investors reflects confidence in Indias long-term growth ...