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Corporate Debt Defaults Rising: India Ratings

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September 26: India Ratings has reported that rate of defaults in FY13 was higher than the average rate for the last nine years. However, India Ratings’ Kishore Gandhi says the situation is bad but not all that alarming. “While default rates are at a historic high of 4.5%, the ratings, especially investment grade ratings, are holding up nicely,” he says. Besides infrastructure, other capital-intensive sectors are seeing continued high levels of stress, he adds.