Economic slowdown: Around Rs 10.52 lakh cr of corporate debt at risk of default over next 3 years: Report
4 years, 10 months ago

Economic slowdown: Around Rs 10.52 lakh cr of corporate debt at risk of default over next 3 years: Report

Firstpost  

India Ratings and Research in a report said credit profiles of corporates are likely to remain under pressure as the economy grapples with a synchronised and prolonged economic slowdown. Mumbai: As the economy grapples with a prolonged slowdown, close to Rs 10.52 lakh crore of the corporate debt is at the risk of default over the next three years, says a report. “At least Rs 10.52 lakh crore of the corporate debt, which is 16 percent of system-level corporate debt, is vulnerable to default over the next three years,” the rating agency said in a report on Monday. “In case the real gross domestic product growth slowdown intensifies, incremental delinquencies could be higher by an additional 159 basis points to 5.59 percent of the system debt,” the report said.

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Around Rs 10.52 lakh cr of corporate debt at risk of default due to slowdown, GDP at 7-year-low
4 years, 10 months ago

Around Rs 10.52 lakh cr of corporate debt at risk of default due to slowdown, GDP at 7-year-low

India TV News  

As the economy grapples with a prolonged slowdown, close to Rs 10.52 lakh crore of the corporate debt is at the risk of default over the next three years, says a report. "At least Rs 10.52 lakh crore of the corporate debt, which is 16 per cent of system-level corporate debt, is vulnerable to default over the next three years," …

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