The quest to improve credit profiles comes after a weak economy and high interest rates have adversely impacted their cash flows, while companies are also refocusing on cutting debt after years of fast expansion.
Indian companies are improving their credit profiles by selling equity and assets, or using free operating cash flows to reduce debt, Standard & Poor's Ratings Services said on Wednesday.
The quest to improve credit profiles comes after a weak economy and high interest rates have adversely impacted their cash flows, while companies are also refocusing on cutting debt after years of fast expansion.
S&P highlights infrastructure companies with high leverage are also considering selling assets or stakes in subsidiaries to cut down on their debt levels.
Also read: Ratings agencies bet big on India eyeing economy rebound
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