Leverage in infra to stay elevated: S&P

Share


The recovery in the Indian economy broadened in the third quarter of fiscal 2021, with demand for rated companies in passenger vehicle, power, and ports segments being above 2019 levels, said S&P Global Ratings, reducing its ratings downgrade over the last 12 months.

It said while several sectors like automobiles would report higher earnings in 2022, the leverage in the infrastructure sector would remain at elevated levels. “The recovery in demand has been sharper than we expected,” the credit rating agency said.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.



Source link


Share

Leave a Reply

Your email address will not be published. Required fields are marked *