Indian companies are boosting their credit profiles by divesting stake in businesses and selling assets or using their free operating cash flows to reduce debt, Standard & Poor's Ratings Services said on 19 March 2014.
The quest to improve credit profiles comes after a weak economy and high interest rates have adversely impacted their cash flows, while companies are also refocusing on cutting debt after years of fast expansion.
S&P highlights infrastructure companies with high leverage are also considering selling assets or stakes in subsidiaries to cut down on their debt levels.
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