Business Standard

Ind-Ra maintains stable outlook on base metals in FY20

Image

Press Trust of India New Delhi
India Ratings and Research (Ind-Ra) Wednesday announced that it has maintained a stable outlook on the base metals for the next financial year.
"Ind-Ra expects the ratings of sector companies to remain stable during FY20, as reflected in the stable outlook on the existing portfolio," it said it a statement.
Within the sector, domestic aluminium prices are expected to remain stable, despite a likely decline in demand, while zinc prices may taper off because of an increase in global supply, it said.
"Also, copper prices could stabilise, after a price correction during 2H18," it added.
Major issuers, it said, are likely to post healthy profit margins, on the back of a steady volume ramp-up and cost deflation, countered by lower average realisations.
Ind-Ra said it expects global aluminium prices to remain steady in 2019-20, it added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2019 | 7:30 PM IST

Explore News