New Delhi, Aug. 25 -- Fitch Ratings on Monday maintained India's long-term foreign currency issuer default rating at 'BBB-' with a stable outlook, citing the country's strong growth prospects and solid external buffers, while warning that high debt and fiscal pressures continue to weigh on its credit profile.

The decision follows S&P Global Ratings' recent upgrade of India's long-term rating to 'BBB', its first sovereign upgrade since 2007.

Fitch, however, noted that elevated debt levels remain a structural constraint, even as revenue buoyancy and fiscal consolidation have narrowed deficits.

"India's GG (General Government) debt burden is elevated at a Fitch-estimated 80.9% of GDP in FY25, well above the 59.6% 'BBB' median. We forecast...