NEW DELHI: The credit metrics of BSE 500 corporates, an index of 500 top public listed firms, (excluding banking and financial services) have deteriorated to their lowest level since fiscal year 2008, says a report.
There is a significant rise is debt levels without a commensurate increase in cash margins of these firms and amid mounting economic stress, credit metrics of these companies are "unlikely" to show a significant improvement in financial year 2014.
According to India Ratings & Research, the total debt of BSE 500 corporates rose by about 192 per cent over FY'08-FY'13, while interest expenses rose by a staggering 226 per cent over the same period.
There is a significant rise is debt levels without a commensurate increase in cash margins of these firms and amid mounting economic stress, credit metrics of these companies are "unlikely" to show a significant improvement in financial year 2014.
According to India Ratings & Research, the total debt of BSE 500 corporates rose by about 192 per cent over FY'08-FY'13, while interest expenses rose by a staggering 226 per cent over the same period.
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