business / news / / Lokmat Times
S&P Global Ratings said robust corporate balance sheets and banks’ strong capital and profitability would cushion the economy against higher energy prices.
S&P Global Ratings does not expect immediate downgrades for India due to the West Asian conflict.
KEY POINTS
- A $130 per barrel oil scenario in 2026 could slow India's growth by up to 80 basis points.
- Corporate sector EBITDA may decline 15-25% and leverage could rise by 0.5x-1x EBITDA in 2027.
- Banking system weak loans could rise to 3.5%, but credit quality is expected to recover in 2028.
- The Reserve Bank of India imposed a $100 million cap on banks' net open positions, reducing forex income.
COMPANIES
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