scorecardresearch12 Indian firms at higher risk of downgrade amid rising inflation: Report

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

Updated: 26 May 2022, 07:48 AM IST
TL;DR.
Fitch said 'low' headroom conveys that leverage is already near or higher than the negative sensitivity, or other important parameters, such as profitability and free-cash-flow generation were weak for the rating level.
In March, Fitch Ratings downgraded its growth forecast for India by 180 basis points to 8.5 per cent for 2022–23, citing sharply higher energy prices.

In March, Fitch Ratings downgraded its growth forecast for India by 180 basis points to 8.5 per cent for 2022–23, citing sharply higher energy prices.