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CREDIT PROFILE OF SMALL UNITS MAY WORSEN THIS FISCAL: INDIA RATINGS(Indian Business Insight Via Acquire Media NewsEdge) India Ratings & Research has said that small and medium enterprises (SMEs) in India have been the first casualty of the ongoing cyclical downturn. According to the rating agency, 46.3 percent of bank loans extended to listed SMEs (revenue size of below Rs300 crore) are under significant stress. India Ratings has estimated that at least one of four such companies may find it difficult even to service the interest on the loans. India Ratings said that it had a negative outlook for chemical, textiles, power, steel, and construction firms. However, it had a stable outlook for real estate firms. |