S&P Global Ratings reports improved India corporate credit quality due to declining leverage, growth, and robust liquidity.

S&P Global Ratings reports an improvement in India's corporate credit quality due to declining leverage, broad-based earnings growth, and robust liquidity profiles. The agency anticipates a 10% growth in aggregate EBITDA for rated Indian companies, mainly driven by sectors like telecoms, airports, commodities, and chemicals. With a third of Indian companies rated by S&P showing positive outlooks, India's corporate sector is well-positioned for continued credit quality improvement.

August 12, 2024
5 Articles