S&P expects India to lead infra investments in South Asia: Key highlights

South and south-east Asian (SSEA) countries will see the emergence of strong regional infrastructure companies given the spending growth in these economies, said ratings agency S&P.

According to S&P Global Ratings, some of the world's most intensive infrastructure investments will take place in SSEA countries and, therefore, capital expenditure (capex) will be a key driver of credit ratings among infra players.

The Indian infrastructure companies will deleverage even as they maintain elevated capex levels as many will see rising cash flows on the back of new capacity additions, said S&P. As a result, the average ratio of debt to EBITDA