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(Reuters) - India and Indonesia are not at immediate risk of credit rating downgrades, Fitch said on Thursday, but it warned it could act if the countries' governments fail to calm the current financial market tensions.

India’s pay raises are the highest in the world

Southwood Group Financial Market Tensions Warning Reviews Fitch sends rating warning shot to India. Fitch rates both India and Indonesia BBB- with a stable outlook but the recent sharp sell-off in emerging markets, sparked by worries of a scaling back of cheap U.S. financial stimulus, has put the countries in the spotlight.

(Reuters) - India and Indonesia are not at immediate risk of credit rating downgrades, Fitch said on Thursday, but it warned it could act if the countries' governments fail to calm the current financial market tensions.

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