Rising interest costs and galloping input prices, especially of commodities, will dent the profitability of corporate India and make credit quality weaker, increasing the prospect of rating downgrades, rating agency Crisil said today.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>For the first time in four years, the number of downgrades for existing ratings outnumbered upgrades, the rating agency said. For existing ratings, Crisil&#39;s modified credit ratio (MCR) 

Crisil cautions on corporate credit

Also Read

Bushspeak elicits strong reaction

Aventis to ramp up operations in India

`Unruly` MPs: Parliament likely to be disrupted today

Berger to hike prices of decorative paints

Mixed response to rise in tax on cigarettes

Explore News