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Fall in GDP growth impacts corporate credit profile: India Ratings

Fall in GDP growth impacts corporate credit profile: India Ratings

Tuesday, February 4, 2020, 8:26 AM

The credit profile of Indian-companies has deteriorated in the nine-months of the fiscal hurt by a sharp slowdown in GDP growth. India Ratings an arm of rating agency Fitch has downgraded 188 issuer ratings versus 103 upgrades during the period. As a result the downgrade to upgrade ratio has deteriorated to 1.83 in the first-nine-months of the fiscal from 0.86 in the fiscal 2019.
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