Indian companies showed strong financial health in 2025-26. Rating upgrades outnumbered downgrades, indicating robust balance sheets and steady demand. Policy support also played a key role. While external risks have eased, the West Asia crisis poses new challenges. Geopolitical events and global trade will be closely watched for credit quality in the upcoming fiscal year.
Corporate credit profile resilient in FY26 with higher rating upgrades: ICRA
Indian companies showed strong financial health in 2025-26. Rating upgrades outnumbered downgrades, indicating robust balance sheets and steady demand. Policy support also played a key role. While external risks have…



