India’s BBB rating stable despite energy shock

India's BBB investment grade sovereign rating is unlikely to be impacted by higher energy prices due to the Iran war but supply disruption of food and fuel could have a material weakening of credit quality of some companies, S&P Global Ratings said.The rating expects earnings of top 100 companies to drop by 15% to 20% in fiscal 2027 in case energy costs remain elevated which will increase the debt to EBITDA (earnings before interest tax depreciation and amortization) ratio for the large comp...