India Ratings downgrades construction sector's outlook

By Religare
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    India Ratings downgrades construction sector's outlook
    Fitch Group-led India Ratings and Research has downgraded its outlook on the country's construction sector from 'stable' to 'negative' for the year 2013.
     

    The factors responsible for the negative outlook of the domestic construction companies include challenges faced by such companies in execution of projects such as delays in environment clearances, land acquisitions and other issues, the ratings agency said in its report.

    The report added that the liquidity and financial leverage have been "adversely affected" in many construction companies that have ventured into build-operate-transfer projects due to challenges in raising equity.

    Read more about: fitch downgrade economy
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more