Another global rating agency Fitch today lowered India's credit rating outlook to negative, citing corruption, inadequate reforms, high inflation and slow growth as reasons for the revision. The agency said that India faces an awkward combination of slow growth and elevated inflation. Fitch also added that India is also facing structural challenges surrounding its investment climate in the form of corruption and inadequate economic reforms".Standard and Poor's (S&P) had in April lowered India's rating outlook to negative from stable. It also warned on June 11 that the country may be the first in the BRIC grouping to falter and its sovereign credit rating may slip below investment grade.