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Inflation, rates may hit $114-billion firm debts: Standard and Poor's

'Deterioration in credit profile may not lead to large-scale defaults even in stressed scenario'

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Illustration: Binay Sinha

Abhijit Lele Mumbai
Credit profiles could deteriorate for up to $114 billion of debt in the books of Indian companies tackling rising interest rates and inflation, said Standard and Poor’s (S&P) on Tuesday.

The deterioration in credit profile is, however, unlikely to lead to large-scale defaults even in a stress scenario due to buffers in the economy and the companies' financials, said the global rating agency.
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The stress test of more than 800 (mostly unrated) Indian companies and representing $570 billion in

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First Published: Aug 24 2022 | 2:00 AM IST

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