Daily Archives: October 10, 2015

Ind-Ra Webinar: Indian Corporates – Decade High Leverage Meets Dis-inflation The Long Road to Credit recovery, October 14, 2015 Time: 1:30 PM IST

The credit metrics of the 500 largest listed  corporate borrowers has not shown any meaningful improvement. In fact some credit metrics continued to deteriorate well into FY16. The recovery of corporate credit is facing challenges due to disinflation in the economy. As such corporate growth may continue to surprise on the downside since some corporates are in active deleveraging mode and are not chasing growth like in the past. Additionally, the weaker corporates are facing a curtailed ability to access capital (debt/equity) which has been stifling corporate performance.

Join us for a webinar on “Decade High Leverage Meets Dis-inflation- The Long Road to Credit recovery” to discuss our latest research and analysis on this issue on October 14, 2015 at 1:30 PM IST.   Click on Register Now

India Ratings and Research in a report titled Deleveraging by Indian Corporates an uphill task published in December 2014 mentioned that to even moderately reduce leverage levels, the 500 largest borrowers in India will require around 4 years or an immediate equity infustion of INR 7 lakh crore.

Back in July 2014, India Ratings in a report had highlighted that the profitability of Indian corporates was unlikely to improve. It was possibly the first report, highlighting deterioration in the earnings of India Inc.

India Ratings was also the first agency to preempt the concentration risks in banks, FCCB redemption pressure, refinancing risk and corporate earning woes.

In this webinar, we will also cover the corporate growth trajectory ahead and share insights about the small yet growing number of companies, whose credit profile is steadily improving.

Click on Register Now