ICRA forecasts improvement in India Inc.’s credit metrics in the October-December quarter
ICRA, a leading credit rating agency, is forecasting a slight sequential improvement in the credit metrics of India Inc. for the October-December quarter of 2023-2024. According to ICRA, the interest coverage ratio is expected to increase to 4.5-5.0 times in Q3 FY2024 from 4.5 times in Q2 FY2024. The interest coverage ratio is a measure…