Profits, credit quality of companies in India recovering about six months faster: S&P
ANI |
Updated: Feb 10, 2021 12:18 IST
Singapore, Feb 10 (ANI): Profits and credit quality of companies rated by S&P Global Ratings in India, China and Pacific are recovering about six months faster than the agency anticipated with reducing downside risk to ratings.
Indonesian companies, on the other hand, are unlikely to recover until the second half of 2022, said the report titled 'Asia Pacific Corporate and Infrastructure Credit Outlook 2021' which covers entities in India, China, Japan, Indonesia, Australia and New Zealand.
The report discusses the pace at which corporate sector in these countries is likely to recover from Covid-19 pandemic. It also includes a list of credit trends on the radar of S&P Global Ratings analysts in 2021, including demand recovery, funding conditions and financial discipline.