Infra, realty firms face refinancing test of Rs 3-4 trillion: Ind-Ra

According to the India Ratings and Research, companies rated 'BBB' and below will have a total refinancing, and working capital renewal need of Rs 1.4 trillion to Rs 1.7 trillion in the current fiscal

A number of companies in infrastructure and real estate sectors run the highest risk of not getting refinancing on their working capital and other loans, according to India Ratings and Research (Ind-Ra).
 
These companies are lower in the investment grade ratings, whereas their debt on books is also relatively high. Entities rated ‘BBB’ and below historically have faced challenges in raising funds.
 
According to the agency, companies rated ‘BBB’ and below will have a total refinancing, and working capital renewal need of Rs 1.4 trillion to Rs 1.7 trillion in the current fiscal. Overall, refinancing pressure could be