Industry Content & Media

Moody’s and ICRA: Stable outlook for Indian corporates reflects sustained economic growth


From business-standard.com

Moody’s Investors Service and its Indian affiliate, ICRA, say that their stable outlook for non-financial corporates in India (rated Baa3 positive by Moody’s) over the next 12-18 months reflects in large part the country’s sustained economic growth. “Strong GDP growth, capacity additions and stabilizing commodity prices will support EBITDA growth of 6%-12% over the next 12-18 months,” says Laura Acres, a Managing Director in Moody’s Corporate Finance Group.