Report
Rating upgrades reportedly moderated in the first half of the financial year as India Inc faced headwinds
The Economic Times reported that rating upgrades came down in the first half of the financial year as companies faced multiple headwinds in the form of the West Asia conflict, rising crude prices, higher input costs and evolving U.S. tariff measures.
TLDR
The Economic Times reported that rating upgrades came down in the first half of the financial year as companies faced multiple headwinds. It also said lower downgrade counts may not fully reflect cases where issuers do not cooperate with adverse ratings, even as rating companies expected corporates to absorb up to a 50 basis-point rate hike without much difficulty.
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