Indian companies saw fewer rating upgrades in the first half than a year earlier

The Economic Times reports fewer rating upgrades for Indian companies in the first half of the financial year than in the same period a year earlier, amid the West Asia conflict, rising crude prices, higher input costs and evolving US tariff measures. Downgrades also declined, though rating agencies cautioned that the figures may miss issuers that do not cooperate with adverse reviews. Rating firms said corporate credit profiles remained resilient, citing stronger balance sheets, lower leverage and liquidity buffers.