The global credit rating agency Moody's has said, small slippage in fiscal deficit target will not affect India's credit profile. Moody's Investors Service Associate Managing Director Atsi Sheth told PTI, they expect the government to continue fiscal consolidation and target lower deficits every year despite headwinds from global slowdown. She said, the agency sees fiscal consolidation as a process, not an event determined on the day of the budget announcement.Earlier this month, economists in their pre-budget meeting with Finance Minister Arun Jaitley had suggested thatthe government could consider deviating from fiscal deficit path and focus on public spending to promote growth.Last year Moody's upgraded India's outlook to 'positive' from 'stable', but retained the credit rating at the at 'Baa3', just a notch above the junk grade.