Indian corporate credit performance strengthens, with more upgrades than downgrades by Crisil and Ind-Ra, due to reduced debt, increased domestic demand, and government support.
India's corporate sector demonstrated strong credit performance in the first half of FY25, with rating agencies like Crisil and Ind-Ra reporting more upgrades than downgrades. This positive trend is attributed to reduced debt, increased domestic demand, and government infrastructure support. Despite challenges in sectors like agriculture and textiles, agencies forecast continued growth in the second half due to rising private consumption and anticipated lower interest rates.
October 01, 2024
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