West Asia crisis may challenge corporate India's resilience
after close1 source ↓written by the desknot a recommendation
- upgrade-to-downgrade ratio
- 1.5
- in H1
- 2.17
Credit rating agencies Crisil, India Ratings, and ICRA warn that the ongoing West Asia crisis may test the resilience of Indian corporate balance sheets. In their H2FY26 outlook, Crisil noted a decline in the upgrade-to-downgrade ratio to 1.5 from 2.17 in H1, indicating potential stress ahead. As the conflict escalates, corporate India's five-year balance sheet strengthening since FY21 will be scrutinized in FY27.
Not investment advice. For informational purposes only.