Moody's and ICRA: Stable outlook for Indian corporates reflects sustained economic growth
Singapore, January 04, 2017-- Moody's Investors Service and its Indian affiliate, ICRA Limited, say that their stable outlook for non-financial corporates in India over the next 12-18 months reflects in large part the country's sustained economic growth. "Strong GDP growth, capacity additions and stabilizing commodity prices will support EBITDA growth of 6%-12% over the next 12-18 months," says Laura Acres, a Managing Director in Moody's Corporate Finance Group.
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