Here is what Moody s had to say about the country s infrastructure companies:
Power
The business models of rated power companies allow them to manage the current contraction in demand and withstand a moderate extension of the cash conversion cycle, which refers to the number of days it takes for a firm to convert its investments into cash flows from sales. That is because Indian power companies are dependent on state-owned distribution firms that are likely to be under financial stress due to lower demand.
In the event that demand stays low for longer and there is a subsequent cash squeeze, Moody s said the power companies have good access to liquidity and support.
India s second Covid wave to impact infra sectors, says Moody s
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India s second Covid wave to impact infra sectors: Moody s
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