Business Standard

12 Indian firms at higher risk of downgrade amid rising inflation: Fitch

The Indian utilities and oil & gas sectors, along with Chinese homebuilding, stand out with a high proportion of corporates assessed with a 'low' rating headroom

Photo: Shutterstock

Photo: Shutterstock

Abhijit Lele Mumbai
The prospects of prolonged inflation and slower economic growth in the world are rising, and they expose 12 Indian corporations -- eight public sector entities (all in energy and utilities) and four private sector firms -- to “elevated” downgrade risks, according to Fitch Rating.

India's sovereign rating shall play a prominent role in determining whether such risk crystallises for 12 of these India-based companies. These eight PSUs facing elevated downgrade risks are Indian Oil, Hindustan Petroleum, Bharat Petroleum, GAIL, ONGC, Oil India, NTPC, and Powergrid.

The four non-government linked issuers on negative outlook are Bharti Airtel, Summit Digitel Infrastructure, Adani Transmission, and

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First Published: May 25 2022 | 12:54 AM IST

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